CONCRETE PUMPING HOLDINGS IN (BBCP) Stock Technical Analysis
NASDAQ:BBCP • US2067041085
We assign a technical rating of 5 out of 10 to BBCP. In the past year, BBCP was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month BBCP has a been trading in the 5.55 - 6.85 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, BBCP outperforms 50% of them, which is more or less in line with the market.
- BBCP is part of the Construction & Engineering industry. There are 55 other stocks in this industry, BBCP did better than 42% 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.
BBCP has an average technical rating and the quality of the presented setup is also not ideal 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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.47 to 6.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.72 to 5.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.26 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 6.97 to 7.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.40 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.64 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 | UP | POSITIVE | The short term trend for BBCP is up. |
| ChartMill Relative Strength | 50.94 | NEUTRAL | BBCP is not amongst the best or worst performers 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 | MIXED | The current price of BBCP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.76 | NEUTRAL | The RSI value for BBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BBCP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.15 | OVERBOUGHT | The high Stochastics value suggests BBCP may be overbought. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for BBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.86 | NEGATIVE | The low ADX value for BBCP suggests a weak or negative trend. |
6.66
+0.02 (+0.3%)
CONCRETE PUMPING HOLDINGS IN / BBCP FAQ
What is the technical rating for BBCP stock?
ChartMill assigns a technical rating of 5 / 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 57.7604. 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 positive.
Can you provide the support and resistance levels for CONCRETE PUMPING HOLDINGS IN?
CONCRETE PUMPING HOLDINGS IN (BBCP) has a support level at 6.61 and a resistance level at 6.97. Check the full technical report for our detailed analysis of BBCP support and resistance levels.