Taking everything into account, BBCP scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BBCP was also a bad performer in the overall market in the last year.
BBCP has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.21
4 important support areas can be observed.
- Support @6.04 from a horizontal line in the weekly time frame.
- A support zone ranging from 5.85 to 5.92. This zone is formed by a combination of multiple trend lines 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 2 important areas.
- A resistance zone ranging from 6.64 to 6.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.19 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for BBCP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBCP is up. |
| ChartMill Relative Strength | 23.45 | NEGATIVE | BBCP has a low relative strength, it was outperformed by 76.55% 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) | DOWN | MIXED | The current price of BBCP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BBCP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.66 | NEUTRAL | The RSI value for BBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BBCP has a positive trend. |
| Stochastics (14,3) | 89.34 | OVERBOUGHT | The high Stochastics value suggests BBCP may be overbought. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for BBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 24.62 | NEUTRAL | The ADX value for BBCP suggests a possible start of a new trend. |
6.63
-0.01 (-0.15%)
CONCRETE PUMPING HOLDINGS IN / BBCP FAQ
What is the technical rating for BBCP stock?
ChartMill assigns a technical rating of 3 / 10 to BBCP.
What is the current trend direction of CONCRETE PUMPING HOLDINGS IN (BBCP) stock?
The current trend direction for CONCRETE PUMPING HOLDINGS IN (BBCP) is Bearish.
What is the RSI signal for CONCRETE PUMPING HOLDINGS IN (BBCP) stock?
CONCRETE PUMPING HOLDINGS IN (BBCP) has an RSI value of 59.6625. This indicates that the stock is currently neutral.
What are the support and resistance levels for CONCRETE PUMPING HOLDINGS IN (BBCP) stock?
CONCRETE PUMPING HOLDINGS IN (BBCP) has a support level at 6.04 and a resistance level at 6.64. Check the full technical report for our detailed analysis of BBCP support and resistance levels.