Boston Scientific (BSX) Technical Analysis

Technical analysis is a method used to evaluate the potential future price direction of a stock or asset based on its historical price and trading volume data. It involves the use of various technical indicators, which are mathematical calculations applied to the price and volume data to identify patterns and trends. One such indicator is the relative strength index (RSI), which measures the speed and change of price movements. A high RSI value indicates an overbought condition, while a low RSI value indicates an oversold condition.

Another important technical indicator is the average directional index (ADX), which measures the strength of a prevailing trend. A higher ADX value indicates a stronger trend, while a lower ADX value indicates a weaker trend. Moving average convergence divergence (MACD) is another widely used indicator, which shows the relationship between two moving averages of a stock's price. It helps traders identify potential buy or sell signals when the MACD line crosses above or below the signal line.