We assign a technical rating of 3 out of 10 to BBCP. BBCP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, BBCP does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 6.97. Right above this resistance zone may be a good entry point.
More info and screens
5.21
5 important support areas can be observed.
- Support @6.17 from a trend line in the weekly time frame.
- A support zone ranging from 5.99 to 6.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.85 to 5.88. 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 6.97 to 7.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.65 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 | NEUTRAL | NEUTRAL | The long term trend for BBCP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BBCP is neutral. |
| ChartMill Relative Strength | 34.49 | NEUTRAL | BBCP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BBCP is below 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) | UP | POSITIVE | The current price of BBCP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.78 | NEUTRAL | The RSI value for BBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BBCP has a negative trend. |
| Stochastics (14,3) | 54.85 | NEUTRAL | The Stochastics value for BBCP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for BBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 26.18 | POSITIVE | The high ADX value value for BBCP suggests a strong trend. |
6.71
-0.27 (-3.87%)
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 trend direction for 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 47.7811. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CONCRETE PUMPING HOLDINGS IN?
The short term momentum for CONCRETE PUMPING HOLDINGS IN (BBCP) is neutral.
Can you provide the support and resistance levels for CONCRETE PUMPING HOLDINGS IN?
CONCRETE PUMPING HOLDINGS IN (BBCP) has a support level at 6.17 and a resistance level at 6.97. Check the full technical report for our detailed analysis of BBCP support and resistance levels.