CONCRETE PUMPING HOLDINGS IN (BBCP) Stock Technical Analysis
NASDAQ:BBCP - Nasdaq - US2067041085 - Common Stock - Currency: USD
Overall BBCP gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BBCP is only an average performer.
Besides having an excellent technical rating, BBCP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.17, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BBCP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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5.21
We found 5 important support areas.
- A support zone ranging from 7.02 to 7.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.84 from a trend line in the daily time frame.
- Support @5.67 from a trend line 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 7.19 to 7.21. 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 | UP | POSITIVE | The short term trend for BBCP is up. |
| ChartMill Relative Strength | 71.55 | POSITIVE | BBCP has a high relative strength, it outperformed 71.55% 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) | 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) | 68.56 | NEUTRAL | The RSI value for BBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BBCP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.39 | OVERBOUGHT | The high Stochastics value suggests BBCP may be overbought. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for BBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 31.5 | POSITIVE | The high ADX value value for BBCP suggests a strong 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 |
|---|---|---|---|
| 7.22 | 7.01 | 0.21 (2.91%) | 25.00% |
| An entry @7.22. This is a Buy Stop order right above the resistance zone. | An exit @7.01. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.21 points, which is 2.91%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
7.18
-0.02 (-0.28%)