BOISE CASCADE CO (BCC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BCC - US09739D1000 - Common Stock
Taking everything into account, BCC scores 6 out of 10 in our technical rating. In the last year, BCC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 78% 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. 75% of 50 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.
- The long and short term trends are both positive. This is looking good!
- BCC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Although the technical rating is only medium, BCC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 84.44. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
71.09
We found 3 important support areas.
- A support zone ranging from 75.73 to 75.94. 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 73.23 to 74.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @71.81 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 84.44 to 87.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @93.71 from a horizontal line in the daily time frame.
- Resistance @137.71 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 | UP | POSITIVE | The long term trend for BCC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCC is up. |
| ChartMill Relative Strength | 22.49 | NEGATIVE | BCC has a low relative strength, it was outperformed by 77.51% 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 | MIXED | The current price of BCC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.49 | NEUTRAL | The RSI value for BCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests BCC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.58 | OVERBOUGHT | The high Stochastics value suggests BCC may be overbought. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for BCC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.75 | 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 |
|---|---|---|---|
| 87.11 | 78.47 | 8.64 (9.92%) | 10.08% |
| An entry @87.11. This is a Buy Stop order right above the resistance zone. | An exit @78.47. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.64 points, which is 9.92%. | For a 1.00% total portfolio risk, you can invest 10.08% 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.
84.33
-1.18 (-1.38%)
BOISE CASCADE CO / BCC FAQ
What is the technical rating for BCC stock?
ChartMill assigns a technical rating of 6 / 10 to BCC.
Can you provide the trend direction for BOISE CASCADE CO?
The current trend direction for BOISE CASCADE CO (BCC) is Bullish.
Can you provide the RSI signal for BOISE CASCADE CO?
BOISE CASCADE CO (BCC) has an RSI value of 62.4871. This indicates that the stock is currently neutral.
What is the buy/sell signal for BCC stock?
The buy/sell signal for BOISE CASCADE CO (BCC) is buy as both the short term and long term trends are positive.
What is the support and resistance level for BCC stock?
BOISE CASCADE CO (BCC) has a support level at 75.94 and a resistance level at 84.44. Check the full technical report for our detailed analysis of BCC support and resistance levels.