Bancorp 34 Inc (BCTF) Technical Analysis
NASDAQ:BCTF
Current stock price
BCTF Technical Rating and Analysis
Overall BCTF gets a technical rating of 0 out of 10. BCTF'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 negative, as is the long term trend. There should be more interesting stocks out there.
- 82% of all other stocks performed better in the past year than BCTF.
- BCTF is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BCTF is lagging the market.
- BCTF is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: BCTF has an average volume of 2865 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
BCTF Weekly and Daily overview Charts
BCTF Setup Rating and Analysis
Although the technical rating is bad, BCTF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.76, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BCTF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BCTF Support and Resistance Analysis
9.58
We found 1 important support area.
- A support zone ranging from 9.68 to 9.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 10.11 to 10.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.95 from a horizontal line in the daily time frame.
- A resistance zone ranging from 15.40 to 15.50. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @15.85 from a horizontal line in the daily time frame.
BCTF Technical Indicator Signal Analysis
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 BCTF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BCTF is down. |
| ChartMill Relative Strength | 18.37 | NEGATIVE | BCTF has a low relative strength, it was outperformed by 81.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BCTF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BCTF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BCTF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.39 | NEUTRAL | The RSI value for BCTF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BCTF has a positive trend. |
| Stochastics (14,3) | 45.5 | NEUTRAL | The Stochastics value for BCTF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for BCTF suggests some volalility. |
BCTF Chart- and CandleStick Pattern Analysis
BCTF Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:BCTF (8/25/2020, 5:06:18 PM)
10.06
-0.13 (-1.29%)
Bancorp 34 Inc / BCTF TA FAQ
What is the ChartMill technical rating of Bancorp 34 Inc (BCTF) stock?
ChartMill assigns a technical rating of 0 / 10 to BCTF.
What is the trend direction for BCTF stock?
The current trend direction for Bancorp 34 Inc (BCTF) is Bearish.
What is the RSI signal for Bancorp 34 Inc (BCTF) stock?
Bancorp 34 Inc (BCTF) has an RSI value of 40.3921. This indicates that the stock is currently neutral.
What is the MACD signal for Bancorp 34 Inc (BCTF) stock?
The MACD indicator for Bancorp 34 Inc (BCTF) has a value of 0.018722, indicating a bearish trend.
What is the short term momentum for BCTF stock?
The short term momentum for Bancorp 34 Inc (BCTF) is negative.