B Communications Ltd (BCOM) Technical Analysis
NASDAQ:BCOM
Current stock price
BCOM Technical Rating and Analysis
Taking everything into account, BCOM scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: BCOM has an average volume of 17947 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 gets the benefit of the doubt for now.
- Looking at the yearly performance, BCOM did better than 93% of all other stocks.
- BCOM 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 BCOM is lagging the market slightly.
- In the last month BCOM has a been trading in the 1.92 - 2.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BCOM Weekly and Daily overview Charts
BCOM Setup Rating and Analysis
Besides having an excellent technical rating, BCOM 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
BCOM Support and Resistance Analysis
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.
We can see 2 important resistance 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.
BCOM 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 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. |
BCOM Chart- and CandleStick Pattern Analysis
BCOM Example Setup
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 worst case loss on the trade is limited to 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.
BCOM Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:BCOM (9/4/2020, 8:00:06 PM)
2.19
-0.04 (-1.71%)
B Communications Ltd / BCOM TA FAQ
Can you provide the ChartMill technical rating for B Communications Ltd?
ChartMill assigns a technical rating of 7 / 10 to BCOM.
Can you provide the trend direction for B Communications Ltd?
The current trend direction for B Communications Ltd (BCOM) is Bullish.
What is the RSI signal for B Communications Ltd (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.
What is the support and resistance level for BCOM stock?
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.