B Technical Analysis - BCM RESOURCES CORP

Technical Rating and Analysis

Taking everything into account, B scores 7 out of 10 in our technical rating. In the last year, B was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

In the last month B has a been trading in the 0.10 - 0.12 range, which is quite wide. It is currently trading near the lows of this range.

Looking at the yearly performance, B did better than 90% of all other stocks.

B is part of the Machinery industry. There are 22 other stocks in this industry. B outperforms 95% of them.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

B is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so B is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BCM RESOURCES CORP / B Weekly stock chart

BCM RESOURCES CORP / B Daily stock chart

Setup Rating and Analysis

Besides having an excellent technical rating, B also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.09, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.08

0.11

We found 2 important support areas.

A support zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.08 from a trend line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 0.11 to 0.11. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for B.CA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for B.CA is down.
ChartMill Relative Strength	90.32	POSITIVE	B.CA has a high relative strength, it outperformed 90.32% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of B.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of B.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of B.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	49.29	NEUTRAL	The RSI value for B.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests B.CA has a negative trend.
Stochastics (14,3)	25	NEUTRAL	The Stochastics value for B.CA is a neutral value.
Average True Range in percent/ATR (20)	6.5	HIGH VOLATILITY	The high ATR as a percentage value for B.CA suggests high volalility.
Average Directional Index/ADX (14)	24.37	NEUTRAL	The ADX value for B.CA suggests a possible start of a new trend.