We assign a technical rating of 8 out of 10 to BCPC. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BCPC is only an average performer.
- The long and short term trends are both positive. This is looking good!
- BCPC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BCPC has a been trading in the 157.85 - 176.55 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, BCPC outperforms 65% of them, which is more or less in line with the market.
- BCPC is part of the Chemicals industry. There are 83 other stocks in this industry, BCPC did better than 53% of them.
BCPC has an excellent technical rating, but the quality of the setup is 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
145.88
4 important support areas can be observed.
- A support zone ranging from 160.14 to 162.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 154.42 to 157.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @150.49 from a horizontal line in the weekly time frame.
- Support @147.35 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 173.17 to 174.02. 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 | UP | POSITIVE | The long term trend for BCPC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCPC is up. |
| ChartMill Relative Strength | 65.93 | NEUTRAL | BCPC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCPC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCPC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCPC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.01 | NEUTRAL | The RSI value for BCPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests BCPC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.5 | NEUTRAL | The Stochastics value for BCPC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for BCPC suggests some volalility. |
| Average Directional Index/ADX (14) | 34.96 | POSITIVE | The high ADX value value for BCPC suggests a strong trend. |
173.16
-0.56 (-0.32%)
BALCHEM CORP / BCPC FAQ
What is the ChartMill technical rating of BALCHEM CORP (BCPC) stock?
ChartMill assigns a technical rating of 8 / 10 to BCPC.
Can you provide the trend direction for BALCHEM CORP?
The current trend direction for BALCHEM CORP (BCPC) is Bullish.
What is the RSI signal for BCPC stock?
BALCHEM CORP (BCPC) has an RSI value of 67.0094. This indicates that the stock is currently neutral.
What is the buy/sell signal for BCPC stock?
The buy/sell signal for BALCHEM CORP (BCPC) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for BALCHEM CORP?
BALCHEM CORP (BCPC) has a support level at 162.74 and a resistance level at 173.17. Check the full technical report for our detailed analysis of BCPC support and resistance levels.