We assign a technical rating of 7 out of 10 to BBCP. BBCP has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Besides having an excellent technical rating, BBCP also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 7.02, a Stop Loss order could be placed below this zone.
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5.21
6 important support areas can be observed.
- A support zone ranging from 6.92 to 7.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.70 to 6.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.19 from a trend line in the weekly time frame.
- A support zone ranging from 6.00 to 6.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.88 from a horizontal line in the daily time frame.
- Support @5.26 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- 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 | 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 | 45.37 | 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 | POSITIVE | The current price of BBCP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.7 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 64.74 | NEUTRAL | The Stochastics value for BBCP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for BBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.8 | NEUTRAL | The ADX value for BBCP suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 7.19 | 6.91 | 0.28 (3.89%) | 25.00% |
| An entry @7.19. This is a Buy Stop order right above the 10 day high. | An exit @6.91. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.28 points, which is 3.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- The distance between exit and entry is rather small compared to the average daily movement of BBCP. Please evaluate whether better entry and exit points can be found.
- 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.
7.07
+0.07 (+1%)
CONCRETE PUMPING HOLDINGS IN / BBCP FAQ
What is the technical rating for BBCP stock?
ChartMill assigns a technical rating of 7 / 10 to BBCP.
What is the trend direction for BBCP stock?
The current trend direction for CONCRETE PUMPING HOLDINGS IN (BBCP) is Bullish.
What is the RSI signal for CONCRETE PUMPING HOLDINGS IN (BBCP) stock?
CONCRETE PUMPING HOLDINGS IN (BBCP) has an RSI value of 59.6978. 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 7.02 and a resistance level at 7.65. Check the full technical report for our detailed analysis of BBCP support and resistance levels.