BRIGHTCOVE (BCOV) Stock Technical Analysis
NASDAQ:BCOV - Nasdaq - US10921T1016 - Common Stock - Currency: USD
Taking everything into account, BCOV scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BCOV has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BCOV is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, BCOV also shows a nice and consistent pattern of rising prices.
BCOV is part of the IT Services industry. There are 82 other stocks in this industry. BCOV outperforms 91% of them.
BCOV is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BCOV is leading the market.
In the last month BCOV has a been trading in a tight range between 4.33 and 4.46.
Considerably lower volume is observed in the last couple of days.
Although BCOV has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.98
4.50
3 important support areas can be observed.
- A support zone ranging from 4.26 to 4.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.27 to 2.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.00 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.46 to 4.46. This zone is formed by a combination of multiple trend lines 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 BCOV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCOV is up. |
| ChartMill Relative Strength | 95.9 | POSITIVE | BCOV has a high relative strength, it outperformed 95.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCOV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCOV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCOV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.08 | OVERBOUGHT | The high RSI value suggests BCOV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BCOV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 78.33 | NEUTRAL | The Stochastics value for BCOV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.48 | LOW VOLATILITY | The low ATR as a percentage value for BCOV suggests low volalility. |
| Average Directional Index/ADX (14) | 61.32 | POSITIVE | The high ADX value value for BCOV suggests a strong 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)
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 |
|---|---|---|---|
| 4.47 | 4.40 | 0.07 (1.57%) | 25.00% |
| An entry @4.47. This is a Buy Stop order right above the resistance zone. | An exit @4.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 1.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.39%. |
- 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.
4.45
+0.01 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.23%
1 Week0.23%
2 Weeks0.68%
1 Month2.77%
3 Month61.82%
6 Month122.5%
12 Month96.9%
2 Year-17.13%
3 Year-40.51%
5 Year-42.8%
10 Year-43.02%
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.48%
ATR Inc12%
Range Today0.02
ADR(20)0.02
ADR(20)%0.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.9
Mansfield5.76
10 Day High4.46
10 Day Low4.41
20 Day High4.46
20 Day Low4.33
52 Week High4.46
52 Week Low1.55
CS1 End4.35
CR1 Start4.46
Volume & EV
DER(3)-1.27%
DER(5)1.43%
Volume301.20K
Volume Incr-61.96%
Vol(5)179.14K
Vol(50)653.98K