Overall BCPC gets a technical rating of 6 out of 10. In the last year, BCPC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, BCPC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 157.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 156.01, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
138.89
We found 4 important support areas.
- A support zone ranging from 153.40 to 156.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @148.91 from a trend line in the daily time frame.
- Support @144.63 from a horizontal line in the weekly time frame.
- Support @140.29 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 157.24 to 159.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @164.10 from a horizontal line in the daily time frame.
- A resistance zone ranging from 167.35 to 168.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @175.70 from a horizontal line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for BCPC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCPC is up. |
| ChartMill Relative Strength | 32.48 | 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) | DOWN | NEGATIVE | The current price of BCPC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.15 | NEUTRAL | The RSI value for BCPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests BCPC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.45 | OVERBOUGHT | The high Stochastics value suggests BCPC may be overbought. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for BCPC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.53 | NEGATIVE | The low ADX value for BCPC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 159.65 | 153.39 | 6.26 (3.92%) | 25.00% |
| An entry @159.65. This is a Buy Stop order right above the resistance zone. | An exit @153.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.26 points, which is 3.92%. | For a 0.98% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BCPC. Please evaluate whether better entry and exit points can be found.
- 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.
156.3
-2.42 (-1.52%)
BALCHEM CORP / BCPC FAQ
What is the ChartMill technical rating of BALCHEM CORP (BCPC) stock?
ChartMill assigns a technical rating of 6 / 10 to BCPC.
What is the trend direction for BCPC stock?
The current trend direction for BALCHEM CORP (BCPC) is Bearish.
What is the RSI signal for BCPC stock?
BALCHEM CORP (BCPC) has an RSI value of 53.1502. This indicates that the stock is currently neutral.
What are the support and resistance levels for BALCHEM CORP (BCPC) stock?
BALCHEM CORP (BCPC) has a support level at 156.01 and a resistance level at 157.24. Check the full technical report for our detailed analysis of BCPC support and resistance levels.