B Communications Ltd (BCOM) Stock Technical Analysis
USA - NASDAQ:BCOM -
We assign a technical rating of 8 out of 10 to BCOM. In the last year, BCOM was one of the better performers, but we do observe some doubts in the very recent evolution.
BCOM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.45. Right above this resistance zone may be a good entry point.
More info and screens
2.02
2 important support areas can be observed.
- Support @2.18 from a horizontal line in the daily time frame.
- Support @2.04 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.45 to 2.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.53 from a horizontal line 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 BCOM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BCOM is neutral. |
| ChartMill Relative Strength | 93.35 | POSITIVE | BCOM has a high relative strength, it outperformed 93.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BCOM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BCOM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCOM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.31 | NEUTRAL | The RSI value for BCOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BCOM has a negative trend. |
| Stochastics (14,3) | 52.31 | NEUTRAL | The Stochastics value for BCOM is a neutral value. |
| Average True Range in percent/ATR (20) | 8.64 | HIGH VOLATILITY | The high ATR as a percentage value for BCOM suggests high volalility. |
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 |
|---|---|---|---|
| 2.50 | 2.17 | 0.33 (13.20%) | 7.58% |
| An entry @2.50. This is a Buy Stop order right above the resistance zone. | An exit @2.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.33 points, which is 13.20%. | For a 1.00% total portfolio risk, you can invest 7.58% 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.
NASDAQ:BCOM (9/4/2020, 8:00:06 PM)
2.19
-0.04 (-1.71%)
B Communications Ltd / BCOM FAQ
Can you provide the ChartMill technical rating for B Communications Ltd?
ChartMill assigns a technical rating of 7 / 10 to BCOM.
What is the current trend direction of B Communications Ltd (BCOM) stock?
The current trend direction for B Communications Ltd (BCOM) is Bullish.
What is the RSI signal for BCOM stock?
B Communications Ltd (BCOM) has an RSI value of 45.3095. This indicates that the stock is currently neutral.
Can you provide the short term momentum for B Communications Ltd?
The short term momentum for B Communications Ltd (BCOM) is neutral.
Can you provide the support and resistance levels for B Communications Ltd?
B Communications Ltd (BCOM) has a support level at 2.18 and a resistance level at 2.45. Check the full technical report for our detailed analysis of BCOM support and resistance levels.