BCE INC (BCE) Stock Technical Analysis
NYSE:BCE - CA05534B7604 - Common Stock
24.96 USD
+0.14 (+0.56%)
24.96 USD
0 (0%)
We assign a technical rating of 7 out of 10 to BCE. Although BCE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
82% of all other stocks performed better in the past year than BCE.
BCE is part of the Diversified Telecommunication Services industry. There are 36 other stocks in this industry, of which 68% are performing better than BCE.
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.
Both the short term and long term trends are positive. This is a very positive sign.
BCE has an average volume of 3294970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BCE has a been trading in the 22.77 - 26.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although BCE 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
21.04
26.86
We found 4 important support areas.
- A support zone ranging from 23.68 to 23.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.12 to 23.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @22.53 from a horizontal line in the daily time frame.
- A support zone ranging from 21.25 to 21.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 25.30 to 25.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.59 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 BCE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCE is up. |
| ChartMill Relative Strength | 18.84 | NEGATIVE | BCE has a low relative strength, it was outperformed by 81.16% 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 | MIXED | The current price of BCE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.52 | NEUTRAL | The RSI value for BCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests BCE has a negative trend. |
| Stochastics (14,3) | 38 | NEUTRAL | The Stochastics value for BCE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for BCE suggests low volalility. |
| Average Directional Index/ADX (14) | 24.54 | 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)
24.96
+0.14 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg0.56%
1 Week-2.08%
2 Weeks-2.54%
1 Month5.9%
3 Month14.5%
6 Month7.96%
12 Month-28.69%
2 Year-41.06%
3 Year-48.22%
5 Year-41.97%
10 Year-38.28%
15 Year-20.1%
Volatility
ATR(14)0.41
ATR(20)%1.98%
ATR Inc-25.77%
Range Today0.34
ADR(20)0.47
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.84
Mansfield-1.05
10 Day High26.02
10 Day Low24.65
20 Day High26.02
20 Day Low22.77
52 Week High36.17
52 Week Low20.28
CS1 End23.99
CR1 Start25.3
Volume & EV
DER(3)1.75%
DER(5)-1.88%
Volume2.43M
Volume Incr2.27%
Vol(5)3.25M
Vol(50)3.29M