BEACON FINANCIAL CORP (BBT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BBT - US0846801076 - Common Stock
We assign a technical rating of 5 out of 10 to BBT. BBT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 100% of all other stocks performed better in the past year than BBT.
- BBT is one of the lesser performing stocks in the Banks industry. 95% of 383 stocks in the same industry do better.
- 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 25.93 - 28.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed 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. There is a resistance zone just above the current price starting at 27.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.15, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
23.23
We found 3 important support areas.
- A support zone ranging from 26.98 to 27.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.30 to 26.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.46 to 23.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @27.96 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) | DOWN | MIXED | The current price of BBT is above a declining 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) | 59.32 | NEUTRAL | The RSI value for BBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 73.37 | NEUTRAL | The Stochastics value for BBT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for BBT suggests low volalility. |
| Average Directional Index/ADX (14) | 16.11 | NEGATIVE | The low ADX value for BBT suggests a weak or negative trend. |
27.48
+0.09 (+0.33%)
BEACON FINANCIAL CORP / BBT FAQ
What is the technical rating for BBT stock?
ChartMill assigns a technical rating of 5 / 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 59.3215. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BEACON FINANCIAL CORP?
The MACD indicator for BEACON FINANCIAL CORP (BBT) has a value of -0.0146641, 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.