BELDEN INC (BDC) Stock Technical Analysis
NYSE:BDC - New York Stock Exchange, Inc. - US0774541066 - Common Stock - Currency: USD
Overall BDC gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month BDC has a been trading in the 117.30 - 132.99 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, BDC did better than 76% of all other stocks.
BDC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BDC is performing more or less in line with the market.
BDC is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, BDC did better than 49% of them.
Although BDC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
89.98
132.74
When analyzing the support we can see 4 important areas.
- A support zone ranging from 116.39 to 117.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @114.08 from a trend line in the daily time frame.
- Support @94.68 from a trend line in the weekly time frame.
- A support zone ranging from 90.89 to 91.45. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 125.32 to 128.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 131.43 to 131.43. This zone is formed by a combination of multiple trend lines 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 BDC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BDC is neutral. |
| ChartMill Relative Strength | 76.94 | POSITIVE | BDC has a high relative strength, it outperformed 76.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BDC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BDC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BDC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.01 | NEUTRAL | The RSI value for BDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.24 | NEGATIVE | The MACD value suggests BDC has a negative trend. |
| Stochastics (14,3) | 28.8 | NEUTRAL | The Stochastics value for BDC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for BDC suggests some volalility. |
| Average Directional Index/ADX (14) | 37.48 | POSITIVE | The high ADX value value for BDC suggests a strong 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)
117.63
-6.02 (-4.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-4.87%
1 Week-8.5%
2 Weeks-8.01%
1 Month-3.4%
3 Month12.29%
6 Month1%
12 Month18.4%
2 Year25.27%
3 Year79.64%
5 Year249.26%
10 Year133.44%
15 Year437.12%
Volatility
ATR(14)3.94
ATR(20)%2.93%
ATR Inc161.23%
Range Today3.81
ADR(20)3.21
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.94
Mansfield-0.12
10 Day High132.99
10 Day Low117.3
20 Day High132.99
20 Day Low117.3
52 Week High132.99
52 Week Low83.18
CS1 End117.62
CR1 Start125.32
Volume & EV
DER(3)-1.79%
DER(5)0.21%
Volume545.10K
Volume Incr55.53%
Vol(5)478.00K
Vol(50)282.68K