BLACKROCK RESOURCES & COMMOD (BCX)

US09257A1088

9.34  -0.04 (-0.43%)

Technical Rating and Analysis

8

Overall BCX gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BCX is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.
When compared to the yearly performance of all other stocks, BCX outperforms 56% of them, which is more or less in line with the market.
BCX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BCX is lagging the market.
In the last month BCX has a been trading in a tight range between 8.91 and 9.42.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
BCX Weekly chart
BCX Daily chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, BCX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 9.38, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

8.14

9.78

We found 3 important support areas.

  • A support zone ranging from 9.00 to 9.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @8.66 from a horizontal line in the daily time frame.
  • A support zone ranging from 8.22 to 8.47. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

  • Resistance @9.38 from a trend line in the weekly time frame.
  • A resistance zone ranging from 9.63 to 9.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.74
Mansfield-0.71
10 Day High9.39
10 Day Low9.05
20 Day High9.42
20 Day Low8.91
52 Week High9.87
52 Week Low8.25
Performance
1 Week1.85%
2 Weeks2.63%
1 Month0.11%
3 Month11.01%
6 Month10.74%
12 Month3.65%
2 Year-13.23%
3 Year-4.48%
5 Year26.08%
10 Year-23.3%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)63.83
LBB9.03
UBB9.37
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
9.409.040.36 (3.83%)25.00%
An entry @9.40. This is a Buy Stop order right above the 10 day high.An exit @9.04. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.36 points, which is 3.83%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%.

  • 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.
BCX Daily chart

BLACKROCK RESOURCES & COMMOD

NYSE:BCX (5/8/2024, 2:07:06 PM)

9.34

-0.04 (-0.43%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.43%
1 Week1.85%
2 Weeks2.63%
1 Month0.11%
3 Month11.01%
6 Month10.74%
12 Month3.65%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.11
ATR(20)%1.37%
ATR Inc
Range Today0.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High9.39
10 Day Low9.05
20 Day High9.42
20 Day Low8.91
52 Week High9.87
52 Week Low8.25
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume142.62K
Volume Incr-30.28%
Vol(5)151.56K
Vol(50)309.53K