BAYCOM CORP (BCML) Stock Technical Analysis
NASDAQ:BCML - Nasdaq - US07272M1071 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to BCML. BCML has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Warning: BCML has an average volume of 26198 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
BCML is one of the better performing stocks in the Banks industry, it outperforms 75% of 393 stocks in the same industry.
BCML is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BCML is lagging the market slightly.
Looking at the yearly performance, BCML did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month BCML has a been trading in the 26.31 - 29.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, BCML does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 27.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.13, a Stop Loss order could be placed below this zone.
More info and screens
23.84
30.01
When analyzing the support we can see 4 important areas.
- A support zone ranging from 26.91 to 27.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.87 to 26.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.76 from a horizontal line in the daily time frame.
- A support zone ranging from 24.08 to 24.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 27.42 to 27.50. 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 28.99 to 29.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.71 to 29.71. This zone is formed by a combination of multiple trend lines in the daily 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 BCML is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BCML is neutral. |
| ChartMill Relative Strength | 72.44 | POSITIVE | BCML has a high relative strength, it outperformed 72.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BCML is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BCML is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCML is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.29 | NEUTRAL | The RSI value for BCML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests BCML has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.05 | NEUTRAL | The Stochastics value for BCML is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for BCML suggests some volalility. |
| Average Directional Index/ADX (14) | 14.15 | NEGATIVE | The low ADX value for BCML suggests a weak or negative 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)
27.21
+0.22 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.82%
1 Week1.72%
2 Weeks-1.09%
1 Month-3.3%
3 Month1.42%
6 Month-5.82%
12 Month27.81%
2 Year41.2%
3 Year46.21%
5 Year134.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%3.12%
ATR Inc-24.79%
Range Today0.7
ADR(20)0.79
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.44
Mansfield-0.44
10 Day High27.83
10 Day Low26.31
20 Day High29.75
20 Day Low26.31
52 Week High30.13
52 Week Low21.05
CS1 End27.13
CR1 Start27.42
Volume & EV
DER(3)-10.2%
DER(5)-5.22%
Volume9.20K
Volume Incr48.51%
Vol(5)29.88K
Vol(50)26.20K