BRIGHTCOVE (BCOV)       6.32  +0.07 (+1.12%)

6.32  +0.07 (+1.12%)

US10921T1016 - Common Stock - After market: 6.32 0 (0%)

Technical Rating

5

Taking everything into account, BCOV scores 5 out of 10 in our technical rating. In the past year, BCOV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month BCOV has a been trading in the 5.17 - 6.38 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
When comparing the yearly performance of all stocks, BCOV is a bad performer in the overall market: 83% of all stocks are doing better.
BCOV is part of the IT Services industry. There are 154 other stocks in this industry, of which 69% are performing better than BCOV.
BCOV is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 21.54% -6.09% 6.22% -30.55% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 17.56 5.12 - 9.85
BCOV Weekly chart
BCOV Daily chart

Support/Resistance Analysis


5.15

7.04
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 5.75 to 5.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @5.20 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
  • A resistance zone ranging from 6.33 to 6.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @6.64 from a trend line in the daily time frame.
  • Resistance @6.97 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

3

BCOV has an average technical rating and it also does not offer a high quality setup 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.


BCOV Daily chart

BRIGHTCOVE6.32

NASDAQ:BCOV (1/27/2023, 7:00:00 PM)+0.07 (+1.12%)

After market: 6.32 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Information Technology
GICS Industry IT Services

Performance
Today 1.12% 1 Week 6.76%
2 Weeks 7.85% 1 Month 21.54%
3 Month -6.09% 6 Month 6.22%

Volatility
ATR(14) 0.2 ATR(20)% 3.17%
ATR Inc 3.36% Range Today 0.19

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 17.56 Mansfield -0.51
10 Day High 6.38 10 Day Low 5.78
20 Day High 6.38 20 Day Low 5.17
52 Week High 9.85 52 Week Low 5.12
CS1 End 5.84 CR1 Start 6.33

Volume & EV
DER(3) 5.66% DER(5) 1.25%
Volume 45.80K Volume Incr -20.45%
Vol(5) 83.94K Vol(50) 120.19K

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