Bonanza Creek Energy Inc (BCEI) Technical Analysis
NYSE:BCEI
Current stock price
BCEI Technical Rating and Analysis
Taking everything into account, BCEI scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BCEI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, BCEI did better than 97% of all other stocks. We also observe that the gains produced by BCEI over the past year are nicely spread over this period.
- BCEI is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 97% of 209 stocks in the same industry.
- A new 52 week high is currently being made by BCEI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month BCEI has a been trading in the 46.60 - 58.97 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
BCEI Weekly and Daily overview Charts
BCEI Setup Rating and Analysis
BCEI has an excellent technical rating, but the quality of the setup is only medium 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
BCEI Support and Resistance Analysis
33.93
4 important support areas can be observed.
- A support zone ranging from 55.67 to 56.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.24 from a horizontal line in the daily time frame.
- A support zone ranging from 37.03 to 37.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.27 from a trend line in the weekly time frame.
BCEI 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 | UP | POSITIVE | The long term trend for BCEI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCEI is up. |
| ChartMill Relative Strength | 97.67 | POSITIVE | BCEI has a high relative strength, it outperformed 97.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCEI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCEI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCEI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.7 | NEUTRAL | The RSI value for BCEI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests BCEI has a negative trend. |
| Stochastics (14,3) | 64.57 | NEUTRAL | The Stochastics value for BCEI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for BCEI suggests some volalility. |
BCEI Chart- and CandleStick Pattern Analysis
BCEI Technicals: Chart, Performance Metrics, Trend & Indicators
56.1
-0.04 (-0.07%)
Bonanza Creek Energy Inc / BCEI TA FAQ
What is the ChartMill technical rating of Bonanza Creek Energy Inc (BCEI) stock?
ChartMill assigns a technical rating of 10 / 10 to BCEI.
What is the trend direction for BCEI stock?
The current trend direction for Bonanza Creek Energy Inc (BCEI) is Bullish.
What is the RSI signal for BCEI stock?
Bonanza Creek Energy Inc (BCEI) has an RSI value of 64.7003. This indicates that the stock is currently neutral.
What is the short term momentum for BCEI stock?
The short term momentum for Bonanza Creek Energy Inc (BCEI) is positive.
Can you provide the buy/sell signal for Bonanza Creek Energy Inc?
The buy/sell signal for Bonanza Creek Energy Inc (BCEI) is buy as both the short term and long term trends are positive.