BOSTON SCIENTIFIC - Daily - Technical analysis published on 12/23/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 83.64 USD
My targets
90.63 USD (+1.96%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 83.64 USD remains possible. It is advisable to trade BOSTON SCIENTIFIC with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 83.64 USD. The next bullish objective for buyers is set at 90.63 USD. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 83.64 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BOSTON SCIENTIFIC price is 88.89 USD. The price registered a decrease of -0.07% on the session and was traded between 88.36 USD and 89.75 USD over the period. The price is currently at +0.60% from its lowest and -0.96% from its highest.88.36
89.75
88.89
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BOSTON SCIENTIFIC indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 72.96 | 83.64 | 88.72 | 88.89 | 90.63 |
| Change (%) | -17.92% | -5.91% | -0.19% | - | +1.96% |
| Change | -15.93 | -5.25 | -0.17 | - | +1.74 |
| Level | Major | Intermediate | Intermediate | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.16 | 86.20 | 87.58 | 88.62 | 90.00 | 91.04 | 92.42 |
| Camarilla | 88.29 | 88.51 | 88.73 | 88.95 | 89.17 | 89.39 | 89.62 |
| Woodie | 85.32 | 86.29 | 87.74 | 88.71 | 90.16 | 91.13 | 92.58 |
| Fibonacci | 86.20 | 87.13 | 87.70 | 88.62 | 89.55 | 90.12 | 91.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.60 | 84.92 | 86.94 | 89.26 | 91.28 | 93.60 | 95.62 |
| Camarilla | 87.76 | 88.15 | 88.55 | 88.95 | 89.35 | 89.75 | 90.14 |
| Woodie | 82.44 | 84.85 | 86.78 | 89.19 | 91.12 | 93.53 | 95.46 |
| Fibonacci | 84.92 | 86.58 | 87.61 | 89.26 | 90.92 | 91.95 | 93.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.05 | 80.28 | 85.48 | 88.71 | 93.91 | 97.14 | 102.34 |
| Camarilla | 88.37 | 89.15 | 89.92 | 90.69 | 91.46 | 92.24 | 93.01 |
| Woodie | 78.05 | 80.77 | 86.48 | 89.20 | 94.91 | 97.63 | 103.34 |
| Fibonacci | 80.28 | 83.50 | 85.49 | 88.71 | 91.93 | 93.92 | 97.14 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.30 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | -7.84 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 89.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 90.90 | |
| Elder Ray (13): | -0.40 | |
| Super Trend (3,10): | 86.49 | |
| Zig ZAG (10): | 88.64 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 31.83 | |
| TEMA (21): | 89.17 | |
| Williams %R (14): | -68.66 | |
| Chande Momentum Oscillator (20): | -1.88 | |
| Repulse (5,40,3): | -1.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 2.51 |
| MA7: | 89.33 | |
| MA20: | 89.92 | |
| MA50: | 88.27 | |
| MA100: | 84.67 | |
| MAexp7: | 89.17 | |
| MAexp20: | 89.43 | |
| MAexp50: | 88.04 | |
| MAexp100: | 84.96 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -1.15% | |
| Price / MA50: | +0.70% | |
| Price / MA100: | +4.98% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +4.63% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on BOSTON SCIENTIFIC. At the time of publication of this analysis, the latest news was as follows:
- Boston Scientific: Meeting Disabilities With Inclusion
- Boston Scientific: Honoring Our Indigenous Community - Past, Present and Future
- Boston Scientific: Sparking Social Change Through Volunteering
- Boston Scientific: When a Loved One Has Parkinson’s Disease
- Meet Three Boston Scientific Employees Committed to Protecting People From Stroke
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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