BCC Technical Analysis - BOISE CASCADE CO

Technical Rating and Analysis

Overall BCC gets a technical rating of 0 out of 10. BCC'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

94% of all other stocks performed better in the past year than BCC.

BCC is one of the lesser performing stocks in the Trading Companies & Distributors industry. 87% of 49 stocks in the same industry do better.

BCC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

BCC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BOISE CASCADE CO / BCC Weekly stock chart

BOISE CASCADE CO / BCC Daily stock chart

Setup Rating and Analysis

BCC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

75.84

141.75

When analyzing the support we notice one important area.

A support zone ranging from 76.61 to 77.15. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 6 important areas.

A resistance zone ranging from 77.64 to 78.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 83.96 to 84.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @87.89 from a trend line in the daily time frame.
Resistance @93.71 from a horizontal line in the daily time frame.
Resistance @96.09 from a horizontal line in the daily time frame.
Resistance @140.35 from a trend line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for BCC is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BCC is down.
ChartMill Relative Strength	6.72	NEGATIVE	BCC has a low relative strength, it was outperformed by 93.28% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BCC is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BCC is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BCC is below a declining SMA(200).
Relative Strength Index/RSI (14)	38.63	NEUTRAL	The RSI value for BCC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.18	NEGATIVE	The MACD value suggests BCC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	16.72	OVERSOLD	The low Stochastics value suggests BCC may be oversold.
Average True Range in percent/ATR (20)	3.08	MEDIUM VOLATILITY	The ATR as a percentage value for BCC suggests some volalility.
Average Directional Index/ADX (14)	18.24	NEGATIVE	The low ADX value for BCC suggests a weak or negative trend.