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AI Analysis of BAX
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Baxter International Inc stock downgraded from Strong Buy Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 0.12% PDF

The Baxter International Inc stock price gained 0.117% on the last trading day (Thursday, 28th Mar 2024), rising from $42.69 to $42.74. During the last trading day the stock fluctuated 1.19% from a day low at $42.61 to a day high of $43.12. The price has fallen in 6 of the last 10 days but is still up by 1.71% over the past 2 weeks. Volume fell on the last day by -228 thousand shares and in total, 3 million shares were bought and sold for approximately $147.78 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.23% during the next 3 months and, with a 90% probability hold a price between $45.85 and $49.84 at the end of this 3-month period.

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BAX Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -2.35%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Baxter International Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $42.08 and $41.81. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Baxter International Inc stock

Baxter International Inc finds support from accumulated volume at $42.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.505 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.74%.

Our recommended stop-loss: $41.03 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (BAX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Baxter International Inc to open at $42.82, and during the day (based on 14 day Average True Range), to move between $41.89 and $43.59, which gives a possible trading interval of +/-$0.85 (+/-2.00%) up or down from last closing price. If Baxter International Inc takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $42.89 (0.35%) than the support at $42.01 (1.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Baxter International Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Baxter International Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.846 Buy Candidate Downgraded

Predicted Opening Price for Baxter International Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$42.82 ( 0.191%) $42.74

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BAX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 43.33 1.37 %
R2 43.13 0.92 %
R1 43.01 0.642 %
Current price: 42.74
Support S1 42.63 -0.260 %
S2 42.51 -0.539 %
S3 42.32 -0.99 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 43.77 2.41 %
R2 43.49 1.75 %
R1 42.89 0.351 %
Current price 42.74
Support S1 42.01 -1.71%
S2 40.67 -4.84%
S3 40.46 -5.33%

BAX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 12, 2024 Mar 01, 2024 Apr 01, 2024 $0.290 0.679%
2 Feb 12, 2024 Feb 29, 2024 Apr 01, 2024 $0.290 0.679%
3 Nov 30, 2023 Nov 30, 2023 Jan 02, 2024 $0.290 0.746%
4 Jul 18, 2023 Aug 31, 2023 Oct 02, 2023 $0.290 0.776%
5 May 01, 2023 Jun 01, 2023 Jul 03, 2023 $0.290 0.649%

FAQ

What is the symbol for Baxter International Inc Stock and on which exchange is it traded?
The symbol for Baxter International Inc is BAX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Baxter International Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Baxter International Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Baxter International Inc Stock?
Baxter International Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Baxter International Inc Stock.

What's the current price of Baxter International Inc Stock?
As of the end of day on the 2024-03-28, the price of an Baxter International Inc (BAX) share was $42.74.

What is the 52-week high and low for Baxter International Inc Stock?
The 52-week high for Baxter International Inc Stock is $50.21 and the 52-week low is $31.01.

What is the market capitalization of Baxter International Inc Stock?
As of the 2024-03-28, the market capitalization of Baxter International Inc is 21.712B.

When is the next earnings date for Baxter International Inc?
The upcoming earnings date for Baxter International Inc is Apr 25, 2024.
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About Baxter International Inc

Baxter International Baxter International Inc., through its subsidiaries, develops and provides a portfolio of healthcare products worldwide. The company offers peritoneal dialysis and hemodialysis, and additional dialysis therapies and services; intravenous therapies, infusion pumps, administration sets, and drug reconstitution devices; remixed and oncology drug platforms, inhaled anesthesia and critical care products and pharmacy compounding services; parenteral nu... BAX Profile

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