CONCRETE PUMPING HOLDINGS IN (BBCP) Stock Technical Analysis
NASDAQ:BBCP - Nasdaq - US2067041085 - Common Stock - Currency: USD
Taking everything into account, BBCP scores 4 out of 10 in our technical rating. BBCP has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
BBCP is part of the Construction & Engineering industry. There are 49 other stocks in this industry, of which 62% are performing better than BBCP.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month BBCP has a been trading in the 6.61 - 7.23 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 compared to the yearly performance of all other stocks, BBCP outperforms 59% of them, which is more or less in line with the market.
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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.39, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.21
8.99
We found 6 important support areas.
- Support @6.39 from a trend line in the daily time frame.
- Support @6.15 from a trend line in the weekly time frame.
- Support @6.00 from a horizontal line in the daily time frame.
- A support zone ranging from 5.85 to 5.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.45 from a horizontal line in the weekly time frame.
- Support @5.26 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 7.16 to 7.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.90 from a horizontal 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 | UP | POSITIVE | The long term trend for BBCP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BBCP is neutral. |
| ChartMill Relative Strength | 59.43 | NEUTRAL | BBCP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BBCP is below a declining 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) | 52.39 | NEUTRAL | The RSI value for BBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BBCP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.27 | NEUTRAL | The Stochastics value for BBCP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for BBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.04 | 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)
6.87
+0.07 (+1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg1.03%
1 Week0.44%
2 Weeks-0.72%
1 Month-0.15%
3 Month0.15%
6 Month-10.08%
12 Month16.64%
2 Year-9.96%
3 Year2.54%
5 Year89.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%3.78%
ATR Inc-20.28%
Range Today0.2
ADR(20)0.25
ADR(20)%3.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.43
Mansfield-0.21
10 Day High7.23
10 Day Low6.61
20 Day High7.23
20 Day Low6.61
52 Week High9.68
52 Week Low4.78
CS1 End6.39
CR1 Start7.16
Volume & EV
DER(3)-6.16%
DER(5)-1.97%
Volume54.50K
Volume Incr-1.45%
Vol(5)93.84K
Vol(50)103.11K