BEACON FINANCIAL CORP (BBT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BBT • US0846801076
Overall BBT gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BBT is a bad performer.
- When comparing the yearly performance of all stocks, BBT is a bad performer in the overall market: 100% of all stocks are doing better.
- BBT is part of the Banks industry. There are 383 other stocks in this industry, of which 95% are performing better than BBT.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month BBT has a been trading in the 26.46 - 31.80 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BBT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
23.36
When analyzing the support we can see 2 important areas.
- A support zone ranging from 28.18 to 28.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @23.60 from a horizontal line in the daily 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 BBT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBT is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BBT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBT is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 75.38 | OVERBOUGHT | The high RSI value suggests BBT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests BBT has a positive trend. |
| Stochastics (14,3) | 93.43 | OVERBOUGHT | The high Stochastics value suggests BBT may be overbought. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for BBT suggests some volalility. |
| Average Directional Index/ADX (14) | 27.6 | POSITIVE | The high ADX value value for BBT suggests a strong trend. |
31.57
+0.59 (+1.9%)
BEACON FINANCIAL CORP / BBT FAQ
What is the technical rating for BBT stock?
ChartMill assigns a technical rating of 7 / 10 to BBT.
Can you provide the trend direction for BEACON FINANCIAL CORP?
The current trend direction for BEACON FINANCIAL CORP (BBT) is Bullish.
What is the RSI signal for BEACON FINANCIAL CORP (BBT) stock?
BEACON FINANCIAL CORP (BBT) has an RSI value of 75.3792. This indicates that the stock is currently overbought.
Can you provide the MACD signal for BEACON FINANCIAL CORP?
The MACD indicator for BEACON FINANCIAL CORP (BBT) has a value of 0.292131, indicating a bearish trend.
Can you provide the buy/sell signal for BEACON FINANCIAL CORP?
The buy/sell signal for BEACON FINANCIAL CORP (BBT) is buy as both the short term and long term trends are positive.