BLACKROCK RESOURCES & COMMOD (BCX) Stock Technical Analysis
NYSE:BCX • US09257A1088
Overall BCX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, BCX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that BCX is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, BCX also shows a nice and consistent pattern of rising prices.
- BCX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BCX has a been trading in the 11.86 - 13.61 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BCX 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
9.41
When analyzing the support we can see 3 important areas.
- A support zone ranging from 12.63 to 13.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.78 from a horizontal line in the daily time frame.
- Support @9.51 from a horizontal line in the daily 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 BCX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCX is up. |
| ChartMill Relative Strength | 89.37 | POSITIVE | BCX has a high relative strength, it outperformed 89.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.34 | OVERBOUGHT | The high RSI value suggests BCX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BCX has a positive trend. |
| Stochastics (14,3) | 88.99 | OVERBOUGHT | The high Stochastics value suggests BCX may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for BCX suggests some volalility. |
| Average Directional Index/ADX (14) | 34.94 | POSITIVE | The high ADX value value for BCX suggests a strong trend. |
13.56
+0.24 (+1.8%)
BLACKROCK RESOURCES & COMMOD / BCX FAQ
Can you provide the ChartMill technical rating for BLACKROCK RESOURCES & COMMOD?
ChartMill assigns a technical rating of 10 / 10 to BCX.
What is the current trend direction of BLACKROCK RESOURCES & COMMOD (BCX) stock?
The current trend direction for BLACKROCK RESOURCES & COMMOD (BCX) is Bullish.
Can you provide the RSI signal for BLACKROCK RESOURCES & COMMOD?
BLACKROCK RESOURCES & COMMOD (BCX) has an RSI value of 70.3369. This indicates that the stock is currently overbought.
Can you provide the MACD signal for BLACKROCK RESOURCES & COMMOD?
The MACD indicator for BLACKROCK RESOURCES & COMMOD (BCX) has a value of 0.00513905, indicating a bearish trend.
What are the support and resistance levels for BLACKROCK RESOURCES & COMMOD (BCX) stock?
BLACKROCK RESOURCES & COMMOD (BCX) has a support level at 13.14. Check the full technical report for our detailed analysis of BCX support and resistance levels.