BBCP Technical Analysis - CONCRETE PUMPING HOLDINGS IN

Technical Rating and Analysis

Overall BBCP gets a technical rating of 1 out of 10. BBCP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month BBCP has a been trading in the 6.44 - 7.49 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When compared to the yearly performance of all other stocks, BBCP outperforms 67% 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 53% 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CONCRETE PUMPING HOLDINGS IN / BBCP Weekly stock chart

CONCRETE PUMPING HOLDINGS IN / BBCP Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, BBCP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.47, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.21

7.73

We found 3 important support areas.

A support zone ranging from 6.47 to 6.47. 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 7.35 to 7.40. This zone is formed by a combination of multiple trend lines 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.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for BBCP is down.
ChartMill Relative Strength	67	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	NEGATIVE	The current price of BBCP is below a declining 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)	44.51	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)	24.32	NEUTRAL	The Stochastics value for BBCP is a neutral value.
Average True Range in percent/ATR (20)	3.65	MEDIUM VOLATILITY	The ATR as a percentage value for BBCP suggests some volalility.
Average Directional Index/ADX (14)	16.3	NEGATIVE	The low ADX value for BBCP suggests a weak or negative trend.