Bonanza Creek Energy Inc (BCEI) Stock Technical Analysis
NYSE:BCEI - New York Stock Exchange, Inc. -
We assign a technical rating of 10 out of 10 to BCEI. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BCEI did better than 97% of all other stocks. On top of that, BCEI also shows a nice and consistent pattern of rising prices.
BCEI is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 98% of 211 stocks in the same industry.
BCEI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
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 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
33.93
56.66
When analyzing the support we can see 4 important areas.
- 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.
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. |
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)
56.1
-0.04 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.07%
1 Week-1.73%
2 Weeks4.51%
1 Month12.65%
3 Month48.41%
6 Month49.84%
12 Month248.88%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.16
ATR(20)%4.06%
ATR Inc72.16%
Range Today3.97
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.67
Mansfield3.93
10 Day High58.97
10 Day Low52.83
20 Day High58.97
20 Day Low46.6
52 Week High58.97
52 Week Low17.92
CS1 End56.09
CR1 StartN/A
Volume & EV
DER(3)2.13%
DER(5)0.69%
Volume5.05M
Volume Incr168.26%
Vol(5)1.77M
Vol(50)783.91K