BOISE CASCADE CO (BCC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BCC • US09739D1000
Overall BCC gets a technical rating of 7 out of 10. BCC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- BCC is one of the lesser performing stocks in the Trading Companies & Distributors industry. 74% of 51 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month BCC has a been trading in the 78.64 - 91.97 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, BCC outperforms 43% of them, which is more or less in line with the market.
- BCC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BCC is lagging the market.
Although BCC has an excellent technical rating, the quality of the presented setup is not ideal 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
71.09
We found 3 important support areas.
- A support zone ranging from 84.40 to 87.10. 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 78.85 to 81.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @71.81 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 90.95 to 91.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @93.71 from a horizontal line in the daily time frame.
- Resistance @137.21 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 | NEUTRAL | NEUTRAL | The long term trend for BCC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCC is up. |
| ChartMill Relative Strength | 43.85 | NEUTRAL | BCC is not amongst the best or worst performers 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 | MIXED | The current price of BCC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.14 | NEUTRAL | The RSI value for BCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests BCC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.63 | OVERBOUGHT | The high Stochastics value suggests BCC may be overbought. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for BCC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.09 | POSITIVE | The high ADX value value for BCC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 91.23 | 84.39 | 6.84 (7.50%) | 13.34% |
| An entry @91.23. This is a Buy Stop order right above the resistance zone. | An exit @84.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.84 points, which is 7.50%. | For a 1.00% total portfolio risk, you can invest 13.34% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
89.41
-0.32 (-0.36%)
BOISE CASCADE CO / BCC FAQ
What is the technical rating for BCC stock?
ChartMill assigns a technical rating of 7 / 10 to BCC.
Can you provide the trend direction for BOISE CASCADE CO?
The current trend direction for BOISE CASCADE CO (BCC) is Bearish.
Can you provide the RSI signal for BOISE CASCADE CO?
BOISE CASCADE CO (BCC) has an RSI value of 64.1371. This indicates that the stock is currently neutral.
What is the support and resistance level for BCC stock?
BOISE CASCADE CO (BCC) has a support level at 87.1 and a resistance level at 90.95. Check the full technical report for our detailed analysis of BCC support and resistance levels.