BOISE CASCADE CO (BCC) Stock Technical Analysis
NYSE:BCC - New York Stock Exchange, Inc. - US09739D1000 - Common Stock - Currency: USD
Overall BCC gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BCC was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, BCC is a bad performer in the overall market: 86% of all stocks are doing better.
BCC is one of the lesser performing stocks in the Trading Companies & Distributors industry. 85% of 49 stocks in the same industry do better.
BCC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month BCC has a been trading in the 83.60 - 94.77 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of BCC 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.
More info and screens
83.12
143.91
We found 2 important support areas.
- A support zone ranging from 87.87 to 89.58. 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 83.96 to 85.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 93.76 to 93.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @142.49 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for BCC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BCC is neutral. |
| ChartMill Relative Strength | 14.12 | NEGATIVE | BCC has a low relative strength, it was outperformed by 85.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCC is above the rising 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) | 62.15 | NEUTRAL | The RSI value for BCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.84 | POSITIVE | The MACD value suggests BCC has a positive trend. |
| Stochastics (14,3) | 70.18 | NEUTRAL | The Stochastics value for BCC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for BCC suggests some volalility. |
| Average Directional Index/ADX (14) | 13 | NEGATIVE | The low ADX value for BCC suggests a weak or negative trend. |
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)
93.75
+1.63 (+1.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg1.77%
1 Week7.11%
2 Weeks11.53%
1 Month7.02%
3 Month-1.77%
6 Month-21.05%
12 Month-19.06%
2 Year-9.41%
3 Year32.58%
5 Year101.22%
10 Year182.55%
15 YearN/A
Volatility
ATR(14)2.63
ATR(20)%2.68%
ATR Inc138.4%
Range Today2.26
ADR(20)2.37
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.12
Mansfield-2.62
10 Day High94.77
10 Day Low83.6
20 Day High94.77
20 Day Low83.6
52 Week High155.42
52 Week Low83.6
CS1 End88.09
CR1 Start88.54
Volume & EV
DER(3)-0.53%
DER(5)-0.13%
Volume303.84K
Volume Incr46.39%
Vol(5)436.56K
Vol(50)320.23K