BCE INC (BCE) Stock Technical Analysis
NYSE:BCE • CA05534B7604
Taking everything into account, BCE scores 8 out of 10 in our technical rating. Although BCE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- BCE 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 BCE is lagging the market slightly.
- In the last month BCE has a been trading in the 23.86 - 26.49 range, which is quite wide. It is currently trading near the high of this range.
- BCE has an average volume of 3385400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, BCE outperforms 66% of them, which is more or less in line with the market.
- BCE is part of the Diversified Telecommunication Services industry. There are 36 other stocks in this industry, BCE did better than 60% of them.
Besides having an excellent technical rating, BCE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 25.46, a Stop Loss order could be placed below this zone.
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22.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 25.39 to 25.46. 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 22.83 to 23.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.29 to 22.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.74 to 25.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.34 from a horizontal line in the daily 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 BCE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCE is up. |
| ChartMill Relative Strength | 66.11 | NEUTRAL | BCE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.26 | NEUTRAL | The RSI value for BCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BCE has a negative trend. |
| Stochastics (14,3) | 52.21 | NEUTRAL | The Stochastics value for BCE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for BCE suggests low volalility. |
| Average Directional Index/ADX (14) | 36.59 | POSITIVE | The high ADX value value for BCE 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 |
|---|---|---|---|
| 25.87 | 25.38 | 0.49 (1.89%) | 25.00% |
| An entry @25.87. This is a Buy Stop order right above the resistance zone. | An exit @25.38. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.49 points, which is 1.89%. | For a 0.47% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BCE. Please evaluate whether better entry and exit points can be found.
- 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.
25.71
-0.12 (-0.46%)
BCE INC / BCE FAQ
Can you provide the ChartMill technical rating for BCE INC?
ChartMill assigns a technical rating of 8 / 10 to BCE.
What is the trend direction for BCE stock?
The current trend direction for BCE INC (BCE) is Bullish.
What is the RSI signal for BCE INC (BCE) stock?
BCE INC (BCE) has an RSI value of 59.264. This indicates that the stock is currently neutral.
What is the MACD signal for BCE stock?
The MACD indicator for BCE INC (BCE) has a value of -0.0500589, indicating a bearish trend.
Can you provide the buy/sell signal for BCE INC?
The buy/sell signal for BCE INC (BCE) is buy as both the short term and long term trends are positive.