BAND Technical Analysis - BANDWIDTH INC-CLASS A

Technical Rating and Analysis

Taking everything into account, BAND scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BAND is only an average performer.

The long and short term trends are both positive. This is looking good!

BAND is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 73% of 35 stocks in the same industry.

In the last month BAND has a been trading in the 13.71 - 18.63 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the yearly performance of all stocks, we notice that BAND is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.

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

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BANDWIDTH INC-CLASS A / BAND Weekly stock chart

BANDWIDTH INC-CLASS A / BAND Daily stock chart

Setup Rating and Analysis

Although BAND has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.90

18.47

5 important support areas can be observed.

A support zone ranging from 15.42 to 15.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @13.95 from a trend line in the weekly time frame.
Support @13.66 from a trend line in the daily time frame.
Support @12.47 from a trend line in the weekly time frame.
Support @12.02 from a horizontal line in the weekly time frame.

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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 BAND is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BAND is up.
ChartMill Relative Strength	77.62	POSITIVE	BAND has a high relative strength, it outperformed 77.62% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BAND is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BAND is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of BAND is above a declining SMA(200).
Relative Strength Index/RSI (14)	74.42	OVERBOUGHT	The high RSI value suggests BAND may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.26	POSITIVE	The MACD value suggests BAND has a positive trend.
Stochastics (14,3)	88.83	OVERBOUGHT	The high Stochastics value suggests BAND may be overbought.
Average True Range in percent/ATR (20)	3.71	MEDIUM VOLATILITY	The ATR as a percentage value for BAND suggests some volalility.
Average Directional Index/ADX (14)	23.26	NEUTRAL	The ADX value for BAND suggests a possible start of a new trend.