BOOKS-A-MILLION INC (BAMM) Technical Analysis
NASDAQ:BAMM • US0985701046
Current stock price
BAMM Technical Rating and Analysis
Overall BAMM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BAMM is showing a nice and steady performance.
- Warning: BAMM has an average volume of 14436 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BAMM did better than 92% of all other stocks. We also observe that the gains produced by BAMM over the past year are nicely spread over this period.
- BAMM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BAMM is leading the market.
- In the last month BAMM has a been trading in a tight range between 3.19 and 3.26.
- Volume is considerably higher in the last couple of days.
BAMM Weekly and Daily overview Charts
BAMM Setup Rating and Analysis
Besides having an excellent technical rating, BAMM also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.23, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
BAMM Support and Resistance Analysis
2.64
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.15 to 3.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.67 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.26 to 3.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
BAMM 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 BAMM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BAMM is up. |
| ChartMill Relative Strength | 92.72 | POSITIVE | BAMM has a high relative strength, it outperformed 92.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAMM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BAMM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAMM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.05 | NEUTRAL | The RSI value for BAMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BAMM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.68 | OVERBOUGHT | The high Stochastics value suggests BAMM may be overbought. |
| Average True Range in percent/ATR (20) | 0.72 | LOW VOLATILITY | The low ATR as a percentage value for BAMM suggests low volalility. |
BAMM Chart- and CandleStick Pattern Analysis
BAMM Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.28 | 3.18 | 0.10 (3.05%) | 25.00% |
| An entry @3.28. This is a Buy Stop order right above the resistance zone. | An exit @3.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 3.05%. | For a 0.76% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BAMM Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:BAMM (12/9/2015, 8:37:23 PM)
3.25
-0.01 (-0.31%)
BOOKS-A-MILLION INC / BAMM TA FAQ
Can you provide the ChartMill technical rating for BOOKS-A-MILLION INC?
ChartMill assigns a technical rating of 9 / 10 to BAMM.
What is the current trend direction of BOOKS-A-MILLION INC (BAMM) stock?
The current trend direction for BOOKS-A-MILLION INC (BAMM) is Bullish.
Can you provide the RSI signal for BOOKS-A-MILLION INC?
BOOKS-A-MILLION INC (BAMM) has an RSI value of 61.0484. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BOOKS-A-MILLION INC?
The short term momentum for BOOKS-A-MILLION INC (BAMM) is positive.
What are the support and resistance levels for BOOKS-A-MILLION INC (BAMM) stock?
BOOKS-A-MILLION INC (BAMM) has a support level at 3.23 and a resistance level at 3.26. Check the full technical report for our detailed analysis of BAMM support and resistance levels.