B Communications Ltd (BCOM) Stock Technical Analysis
NASDAQ:BCOM - Nasdaq -
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.
When comparing the yearly performance of all stocks, we notice that BCOM is one of the better performing stocks in the market, outperforming 93% of all stocks.
BCOM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BCOM is performing more or less in line with the market.
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 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
2.56
When analyzing the support we can see 2 important areas.
- 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. |
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)
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%. | When investing 7.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.71%
1 Week-10.61%
2 Weeks-0.9%
1 Month1.39%
3 Month11.73%
6 Month114.66%
12 Month84.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%8.64%
ATR Inc3.12%
Range Today0.21
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
CRS93.35
Mansfield2.43
10 Day High2.6
10 Day Low1.92
20 Day High2.6
20 Day Low1.92
52 Week High2.73
52 Week Low0.52
CS1 End2.18
CR1 Start2.45
Volume & EV
DER(3)-8.33%
DER(5)-11.53%
Volume20.10K
Volume Incr72.05%
Vol(5)29.84K
Vol(50)17.95K