CONCRETE PUMPING HOLDINGS IN (BBCP) Stock Technical Analysis
USA - NASDAQ:BBCP - US2067041085 - Common Stock
7.25 USD
-0.05 (-0.68%)
7.25 USD
0 (0%)
Overall BBCP gets a technical rating of 9 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, BBCP is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month BBCP has a been trading in the 6.70 - 7.80 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that BBCP is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
BBCP is part of the Construction & Engineering industry. There are 52 other stocks in this industry, BBCP did better than 58% of them.
BBCP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BBCP is lagging the market.
Besides having an excellent technical rating, BBCP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.18, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BBCP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.21
7.73
7 important support areas can be observed.
- A support zone ranging from 6.97 to 7.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.78 to 6.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.62 from a horizontal line in the daily time frame.
- Support @6.40 from a trend line in the weekly time frame.
- Support @6.00 from a horizontal line in the daily time frame.
- Support @5.45 from a horizontal line in the weekly time frame.
- Support @5.26 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.55 to 7.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BBCP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBCP is up. |
| ChartMill Relative Strength | 80.28 | POSITIVE | BBCP has a high relative strength, it outperformed 80.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBCP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBCP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBCP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.37 | NEUTRAL | The RSI value for BBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BBCP has a positive trend. |
| Stochastics (14,3) | 45.15 | NEUTRAL | The Stochastics value for BBCP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for BBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.73 | NEGATIVE | The low ADX value for BBCP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 7.66 | 6.96 | 0.70 (9.14%) | 10.94% |
| An entry @7.66. This is a Buy Stop order right above the resistance zone. | An exit @6.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.70 points, which is 9.14%. | When investing 10.94% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
7.25
-0.05 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.68%
1 Week2.55%
2 Weeks-5.1%
1 Month4.62%
3 Month23.72%
6 Month28.77%
12 Month22.05%
2 Year-15.5%
3 Year12.4%
5 Year103.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%3.94%
ATR Inc-9.18%
Range Today0.19
ADR(20)0.25
ADR(20)%3.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.28
Mansfield-0.11
10 Day High7.51
10 Day Low6.8
20 Day High7.8
20 Day Low6.7
52 Week High9.68
52 Week Low4.78
CS1 End7.18
CR1 Start7.55
Volume & EV
DER(3)5.97%
DER(5)4.84%
Volume193.50K
Volume Incr3.52%
Vol(5)99.78K
Vol(50)91.64K