BC8 Technical Analysis - BECHTLE AG

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to BC8. BC8 has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

BC8 is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BC8 is lagging the market slightly.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

When compared to the yearly performance of all other stocks, BC8 outperforms 45% of them, which is more or less in line with the market.

BC8 is an average performer in the IT Services industry, it outperforms 66% of 69 stocks in the same industry.

In the last month BC8 has a been trading in the 36.22 - 41.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

BC8 has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

34.20

41.74

We found 3 important support areas.

A support zone ranging from 37.11 to 37.37. 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 35.63 to 35.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 34.55 to 34.55. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 40.64 to 41.33. 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	NEUTRAL	NEUTRAL	The short term trend for BC8.DE is neutral.
ChartMill Relative Strength	45.79	NEUTRAL	BC8.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of BC8.DE is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BC8.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BC8.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	52.53	NEUTRAL	The RSI value for BC8.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests BC8.DE has a positive trend.
Stochastics (14,3)	60.16	NEUTRAL	The Stochastics value for BC8.DE is a neutral value.
Average True Range in percent/ATR (20)	2.42	MEDIUM VOLATILITY	The ATR as a percentage value for BC8.DE suggests some volalility.
Average Directional Index/ADX (14)	17.1	NEGATIVE	The low ADX value for BC8.DE suggests a weak or negative trend.