BLACKROCK RESOURCES & COMMOD (BCX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BCX - US09257A1088
Taking everything into account, BCX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BCX is showing a nice and steady performance.
BCX has an excellent technical rating, but the quality of the setup is only medium 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
8.32
5 important support areas can be observed.
- A support zone ranging from 10.84 to 10.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @10.02 from a trend line in the daily time frame.
- A support zone ranging from 9.68 to 9.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.51 from a horizontal line in the daily time frame.
- Support @8.40 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.22 to 11.22. 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 | 84.1 | POSITIVE | BCX has a high relative strength, it outperformed 84.1% 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) | 65.75 | NEUTRAL | The RSI value for BCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BCX has a positive trend. |
| Stochastics (14,3) | 83.38 | OVERBOUGHT | The high Stochastics value suggests BCX may be overbought. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for BCX suggests low volalility. |
| Average Directional Index/ADX (14) | 34.87 | POSITIVE | The high ADX value value for BCX suggests a strong 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 |
|---|---|---|---|
| 11.23 | 10.83 | 0.40 (3.56%) | 25.00% |
| An entry @11.23. This is a Buy Stop order right above the resistance zone. | An exit @10.83. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.40 points, which is 3.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- 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.
11.21
+0.23 (+2.09%)
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 65.7502. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BLACKROCK RESOURCES & COMMOD?
The MACD indicator for BLACKROCK RESOURCES & COMMOD (BCX) has a value of 0.00603731, 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 10.96 and a resistance level at 11.22. Check the full technical report for our detailed analysis of BCX support and resistance levels.