BLACKROCK RESOURCES & COMMOD (BCX) Stock Technical Analysis
NYSE:BCX - New York Stock Exchange, Inc. - US09257A1088 - Currency: USD
We assign a technical rating of 8 out of 10 to BCX. Although BCX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
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.
When compared to the yearly performance of all other stocks, BCX outperforms 52% of them, which is more or less in line with the market.
In the last month BCX has a been trading in a tight range between 9.22 and 9.75.
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
8.22
9.86
We found 4 important support areas.
- Strong support @9.68 from a horizontal line in the daily time frame.
- A support zone ranging from 9.24 to 9.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.47 from a horizontal line in the weekly time frame.
- Support @8.30 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.76 to 9.76. 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 BCX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCX is up. |
| ChartMill Relative Strength | 52.18 | NEUTRAL | BCX is not amongst the best or worst performers 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) | 69.7 | NEUTRAL | The RSI value for BCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BCX has a positive trend. |
| Stochastics (14,3) | 94.26 | OVERBOUGHT | The high Stochastics value suggests BCX may be overbought. |
| Average True Range in percent/ATR (20) | 1.11 | LOW VOLATILITY | The low ATR as a percentage value for BCX suggests low volalility. |
| Average Directional Index/ADX (14) | 18.43 | NEGATIVE | The low ADX value for BCX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.75
+0.08 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.83%
1 Week4.17%
2 Weeks3.07%
1 Month2.85%
3 Month17.33%
6 Month11.43%
12 Month4.5%
2 Year-1.02%
3 Year6.21%
5 Year53.54%
10 Year18.76%
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.11%
ATR Inc8.12%
Range Today0.08
ADR(20)0.1
ADR(20)%1.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.18
Mansfield-0.21
10 Day High9.75
10 Day Low9.22
20 Day High9.75
20 Day Low9.22
52 Week High9.75
52 Week Low7.84
CS1 End9.4
CR1 Start9.41
Volume & EV
DER(3)-4.41%
DER(5)-4.68%
Volume103.40K
Volume Incr-14.6%
Vol(5)164.36K
Vol(50)165.61K