BCE INC (BCE) Technical Analysis
NYSE:BCE • CA05534B7604
Current stock price
BCE Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to BCE. BCE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- BCE is part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry, of which 69% are performing better than BCE.
- BCE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- BCE has an average volume of 3378640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, BCE turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
- BCE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BCE is lagging the market.
BCE Weekly and Daily overview Charts
BCE Setup Rating and Analysis
Although the technical rating is bad, 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 23.43, a Stop Loss order could be placed below this zone.
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BCE Support and Resistance Analysis
21.15
We found 2 important support areas.
- A support zone ranging from 23.15 to 23.43. 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 23.82 to 23.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 25.28 to 25.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 26.31 to 26.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
BCE Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for BCE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BCE is down. |
| ChartMill Relative Strength | 41.69 | NEUTRAL | BCE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BCE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BCE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BCE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.92 | NEUTRAL | The RSI value for BCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BCE has a positive trend. |
| Stochastics (14,3) | 33.21 | NEUTRAL | The Stochastics value for BCE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for BCE suggests low volalility. |
| Average Directional Index/ADX (14) | 30.75 | POSITIVE | The high ADX value value for BCE suggests a strong trend. |
BCE Chart- and CandleStick Pattern Analysis
BCE Technicals: Chart, Performance Metrics, Trend & Indicators
23.73
-0.17 (-0.71%)
BCE INC / BCE TA FAQ
Can you provide the ChartMill technical rating for BCE INC?
ChartMill assigns a technical rating of 1 / 10 to BCE.
What is the trend direction for BCE stock?
The current trend direction for BCE INC (BCE) is Bearish.
Can you provide the RSI signal for BCE INC?
BCE INC (BCE) has an RSI value of 35.9153. This indicates that the stock is currently neutral.
What is the MACD signal for BCE INC (BCE) stock?
The MACD indicator for BCE INC (BCE) has a value of 0.0037341, indicating a bearish trend.
What is the support and resistance level for BCE stock?
BCE INC (BCE) has a support level at 23.43 and a resistance level at 23.82. Check the full technical report for our detailed analysis of BCE support and resistance levels.