Taking everything into account, BCI scores 8 out of 10 in our technical rating. In the last year, BCI was one of the better performers, but we do observe some doubts in the very recent evolution.
BCI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 22.45, a Stop Loss order could be placed below this zone.
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18.69
We found 5 important support areas.
- A support zone ranging from 22.16 to 22.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.77 to 21.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.10 to 20.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.44 to 19.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.88 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.61 to 23.16. This zone is formed by a combination of multiple trend lines and important moving averages 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 BCI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BCI is neutral. |
| ChartMill Relative Strength | 71.04 | POSITIVE | BCI has a high relative strength, it outperformed 71.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BCI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.99 | NEUTRAL | The RSI value for BCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BCI has a negative trend. |
| Stochastics (14,3) | 55.31 | NEUTRAL | The Stochastics value for BCI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for BCI suggests low volalility. |
| Average Directional Index/ADX (14) | 16.75 | NEGATIVE | The low ADX value for BCI suggests a weak or negative 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 |
|---|---|---|---|
| 22.86 | 22.47 | 0.39 (1.69%) | 25.00% |
| An entry @22.86. This is a Buy Stop order right above the 10 day moving average. | An exit @22.47. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.39 points, which is 1.69%. | For a 0.42% total portfolio risk, you can invest 25.00% 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.
22.55
-0.28 (-1.23%)
ABRDN BLOOMBERG ALL COMMODIT / BCI FAQ
Can you provide the ChartMill technical rating for ABRDN BLOOMBERG ALL COMMODIT?
ChartMill assigns a technical rating of 8 / 10 to BCI.
What is the current trend direction of ABRDN BLOOMBERG ALL COMMODIT (BCI) stock?
The current trend direction for ABRDN BLOOMBERG ALL COMMODIT (BCI) is Bullish.
What is the RSI signal for BCI stock?
ABRDN BLOOMBERG ALL COMMODIT (BCI) has an RSI value of 49.9874. This indicates that the stock is currently neutral.
What is the short term momentum for BCI stock?
The short term momentum for ABRDN BLOOMBERG ALL COMMODIT (BCI) is neutral.
Can you provide the support and resistance levels for ABRDN BLOOMBERG ALL COMMODIT?
ABRDN BLOOMBERG ALL COMMODIT (BCI) has a support level at 22.45 and a resistance level at 22.61. Check the full technical report for our detailed analysis of BCI support and resistance levels.