BALCHEM CORP (BCPC) Stock Technical Analysis
NASDAQ:BCPC - Nasdaq - US0576652004 - Common Stock - Currency: USD
Taking everything into account, BCPC scores 0 out of 10 in our technical rating. BCPC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
77% of all other stocks performed better in the past year than BCPC.
BCPC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
BCPC is part of the Chemicals industry. There are 85 other stocks in this industry, BCPC did better than 45% of them.
In the last month BCPC has a been trading in the 146.41 - 164.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
BCPC has a poor technical rating and the quality of the setup is also only medium 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
147.32
182.59
When analyzing the support we notice one important area.
- A support zone ranging from 148.81 to 152.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 157.81 to 160.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 165.79 to 167.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @180.78 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for BCPC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BCPC is neutral. |
| ChartMill Relative Strength | 23.38 | NEGATIVE | BCPC has a low relative strength, it was outperformed by 76.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BCPC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BCPC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BCPC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.83 | NEUTRAL | The RSI value for BCPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests BCPC has a positive trend. |
| Stochastics (14,3) | 59.18 | NEUTRAL | The Stochastics value for BCPC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for BCPC suggests some volalility. |
| Average Directional Index/ADX (14) | 24.06 | NEUTRAL | The ADX value for BCPC suggests a possible start of a new 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)
156.42
+1.03 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.66%
1 Week2.4%
2 Weeks2.62%
1 Month-4%
3 Month-4.94%
6 Month-2.41%
12 Month-4.42%
2 Year11.33%
3 Year18.66%
5 Year60.1%
10 Year167.25%
15 Year539.76%
Volatility
ATR(14)3.8
ATR(20)%2.24%
ATR Inc-35.42%
Range Today1.63
ADR(20)3.45
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.38
Mansfield-1.24
10 Day High158.52
10 Day Low146.41
20 Day High164.01
20 Day Low146.41
52 Week High185.96
52 Week Low145.7
CS1 End152.06
CR1 Start157.81
Volume & EV
DER(3)-1.62%
DER(5)-1.72%
Volume195.60K
Volume Incr41.01%
Vol(5)233.56K
Vol(50)169.41K