BCE INC (BCE) Stock Technical Analysis
NYSE:BCE - New York Stock Exchange, Inc. - CA05534B7604 - Common Stock - Currency: USD
Taking everything into account, BCE scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BCE was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, BCE is a bad performer in the overall market: 85% of all stocks are doing better.
BCE is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 78% of 33 stocks in the same industry do better.
BCE 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 term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BCE has a been trading in the 21.58 - 24.16 range, which is quite wide. It is currently trading near the high of this range.
BCE has an average volume of 3535690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BCE has an average technical rating and it also does not offer a high 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
20.66
28.12
We found 4 important support areas.
- A support zone ranging from 22.50 to 22.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.78 from a horizontal line in the daily time frame.
- Support @21.36 from a horizontal line in the weekly time frame.
- A support zone ranging from 20.87 to 20.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.82 to 24.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.84 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 BCE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCE is up. |
| ChartMill Relative Strength | 15.89 | NEGATIVE | BCE has a low relative strength, it was outperformed by 84.11% off all stocks 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) | DOWN | NEGATIVE | The current price of BCE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.93 | NEUTRAL | The RSI value for BCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests BCE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.26 | OVERBOUGHT | The high Stochastics value suggests BCE may be overbought. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for BCE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.31 | NEUTRAL | The ADX value for BCE suggests a possible start of a new 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)
23.81
-0.25 (-1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-1.04%
1 Week4.2%
2 Weeks8.97%
1 Month6.06%
3 Month11.47%
6 Month3.7%
12 Month-26.67%
2 Year-44.91%
3 Year-52.88%
5 Year-43.21%
10 Year-42.12%
15 Year-22.21%
Volatility
ATR(14)0.51
ATR(20)%2.01%
ATR Inc-27.04%
Range Today0.31
ADR(20)0.46
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.89
Mansfield-1.79
10 Day High24.16
10 Day Low21.71
20 Day High24.16
20 Day Low21.58
52 Week High36.17
52 Week Low20.28
CS1 End22.63
CR1 Start23.82
Volume & EV
DER(3)-1.51%
DER(5)3.31%
Volume2.26M
Volume Incr15.17%
Vol(5)3.94M
Vol(50)3.54M