BB&T CORP (BBT) Stock Technical Analysis
NYSE:BBT - New York Stock Exchange, Inc. -
Overall BBT gets a technical rating of 6 out of 10. In the last year, BBT was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, BBT did better than 71% of all other stocks.
BBT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BBT is leading the market.
BBT has an average volume of 5032530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BBT has a been trading in a tight range between 52.77 and 55.26.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, BBT does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 54.23, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
44.91
55.92
We found 3 important support areas.
- A support zone ranging from 53.20 to 54.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.48 from a trend line in the weekly time frame.
- Support @45.36 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.26 to 55.37. This zone is formed by a combination of multiple trend lines and important moving averages 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 BBT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BBT is neutral. |
| ChartMill Relative Strength | 71.56 | POSITIVE | BBT has a high relative strength, it outperformed 71.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BBT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.61 | NEUTRAL | The RSI value for BBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests BBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.55 | NEUTRAL | The Stochastics value for BBT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for BBT suggests low volalility. |
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 |
|---|---|---|---|
| 55.38 | 53.19 | 2.19 (3.95%) | 25.00% |
| An entry @55.38. This is a Buy Stop order right above the resistance zone. | An exit @53.19. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.19 points, which is 3.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%. |
- 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.
54.24
+0.75 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.4%
1 Week-0.88%
2 Weeks0.11%
1 Month-0.9%
3 Month11.33%
6 Month11.08%
12 Month13.81%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%1.39%
ATR Inc17.97%
Range Today0.66
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.56
Mansfield-0.06
10 Day High55.26
10 Day Low52.77
20 Day High55.26
20 Day Low52.77
52 Week High55.66
52 Week Low40.68
CS1 End54.23
CR1 Start54.26
Volume & EV
DER(3)0.42%
DER(5)0.23%
Volume25.95M
Volume Incr115.96%
Vol(5)9.06M
Vol(50)5.03M