BC8 Technical Analysis - BECHTLE AG

Technical Rating and Analysis

Overall BC8 gets a technical rating of 1 out of 10. BC8's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, BC8 is a bad performer in the overall market: 86% of all stocks are doing better.

In the last month BC8 has a been trading in the 34.54 - 40.64 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.

BC8 is part of the IT Services industry. There are 74 other stocks in this industry, BC8 did better than 52% of them.

BC8 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BC8 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

Setup Rating and Analysis

The technical rating of BC8 is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

34.20

41.17

When analyzing the support we notice one important area.

Support @34.55 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 37.64 to 38.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @39.27 from a horizontal line in the weekly time frame.
A resistance zone ranging from 40.25 to 40.76. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 BC8.DE is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BC8.DE is down.
ChartMill Relative Strength	14.74	NEGATIVE	BC8.DE has a low relative strength, it was outperformed by 85.26% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BC8.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BC8.DE is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of BC8.DE is below the rising SMA(200).
Relative Strength Index/RSI (14)	33.14	NEUTRAL	The RSI value for BC8.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.4	NEGATIVE	The MACD value suggests BC8.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	8.62	OVERSOLD	The low Stochastics value suggests BC8.DE may be oversold.
Average True Range in percent/ATR (20)	2.81	MEDIUM VOLATILITY	The ATR as a percentage value for BC8.DE suggests some volalility.
Average Directional Index/ADX (14)	18.22	NEGATIVE	The low ADX value for BC8.DE suggests a weak or negative trend.