BCE INC (BCE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BCE - CA05534B7604 - Common Stock
Taking everything into account, BCE scores 6 out of 10 in our technical rating. BCE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, BCE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 23.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BCE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
21.15
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.95 to 23.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.29 to 22.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @21.36 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @24.26 from a horizontal line in the daily time frame.
- A resistance zone ranging from 25.61 to 25.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 40.81 | 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) | 59.45 | NEUTRAL | The RSI value for BCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BCE has a positive trend. |
| Stochastics (14,3) | 83.09 | OVERBOUGHT | The high Stochastics value suggests BCE may be overbought. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for BCE suggests low volalility. |
| Average Directional Index/ADX (14) | 21.81 | NEUTRAL | The ADX value for BCE suggests a possible start of a new 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 |
|---|---|---|---|
| 24.27 | 22.90 | 1.37 (5.64%) | 17.72% |
| An entry @24.27. This is a Buy Stop order right above the resistance zone. | An exit @22.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.37 points, which is 5.64%. | For a 1.00% total portfolio risk, you can invest 17.72% 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.
23.84
+0.1 (+0.42%)
BCE INC / BCE FAQ
Can you provide the ChartMill technical rating for BCE INC?
ChartMill assigns a technical rating of 6 / 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 59.4458. 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 0.0576243, 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.