BARRETT BUSINESS SVCS INC (BBSI) Stock Technical Analysis
NASDAQ:BBSI - Nasdaq - US0684631080 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to BBSI. BBSI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, BBSI did better than 87% of all other stocks. We also observe that the gains produced by BBSI over the past year are nicely spread over this period.
BBSI is part of the Professional Services industry. There are 82 other stocks in this industry. BBSI outperforms 85% of them.
BBSI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BBSI is performing more or less in line with the market.
In the last month BBSI has a been trading in the 39.50 - 42.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, BBSI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 39.46, a Stop Loss order could be placed below this zone.
More info and screens
37.66
44.82
2 important support areas can be observed.
- A support zone ranging from 38.74 to 39.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.04 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 41.10 to 41.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 43.87 to 44.38. 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 BBSI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BBSI is neutral. |
| ChartMill Relative Strength | 87.68 | POSITIVE | BBSI has a high relative strength, it outperformed 87.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BBSI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBSI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBSI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.27 | NEUTRAL | The RSI value for BBSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BBSI has a negative trend. |
| Stochastics (14,3) | 53.39 | NEUTRAL | The Stochastics value for BBSI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for BBSI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.3 | NEGATIVE | The low ADX value for BBSI 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)
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 |
|---|---|---|---|
| 41.88 | 40.08 | 1.80 (4.30%) | 23.27% |
| An entry @41.88. This is a Buy Stop order right above the resistance zone. | An exit @40.08. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.80 points, which is 4.30%. | When investing 23.27% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
41.09
-0.31 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-0.75%
1 Week-3.14%
2 Weeks1.58%
1 Month1.38%
3 Month2.37%
6 Month-3.91%
12 Month31.83%
2 Year95.67%
3 Year119.56%
5 Year224.18%
10 Year356.43%
15 Year1081.6%
Volatility
ATR(14)1.18
ATR(20)%2.79%
ATR Inc-47.09%
Range Today0.88
ADR(20)1.12
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.68
Mansfield0.42
10 Day High42.99
10 Day Low40.09
20 Day High42.99
20 Day Low39.5
52 Week High44.97
52 Week Low31.06
CS1 End39.46
CR1 Start41.1
Volume & EV
DER(3)-3.09%
DER(5)-1.74%
Volume110.70K
Volume Incr-39.69%
Vol(5)104.18K
Vol(50)159.98K