BALCHEM CORP (BCPC) Stock Technical Analysis
NASDAQ:BCPC • US0576652004
Taking everything into account, BCPC scores 8 out of 10 in our technical rating. Although BCPC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by BCPC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month BCPC has a been trading in the 160.62 - 182.42 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, BCPC turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
- BCPC is part of the Chemicals industry. There are 83 other stocks in this industry, BCPC did better than 52% of them.
Although BCPC has an excellent technical rating, it does not present a decent entry opportunity 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
151.82
2 important support areas can be observed.
- A support zone ranging from 161.69 to 164.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 153.35 to 157.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 177.50 to 180.78. 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 BCPC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCPC is up. |
| ChartMill Relative Strength | 68.19 | 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) | 69.61 | NEUTRAL | The RSI value for BCPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests BCPC has a positive trend. |
| Stochastics (14,3) | 83.69 | OVERBOUGHT | The high Stochastics value suggests BCPC may be overbought. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for BCPC suggests some volalility. |
| Average Directional Index/ADX (14) | 38.45 | POSITIVE | The high ADX value value for BCPC suggests a strong trend. |
177.485
-1.19 (-0.67%)
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 69.611. 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 164.5 and a resistance level at 177.5. Check the full technical report for our detailed analysis of BCPC support and resistance levels.