BELDEN INC (BDC) Stock Technical Analysis
NYSE:BDC • US0774541066
Overall BDC gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BDC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- BDC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BDC is lagging the market slightly.
- BDC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the yearly performance of all stocks, we notice that BDC is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- BDC is part of the Electronic Equipment, Instruments & Components industry. There are 122 other stocks in this industry, BDC did better than 61% of them.
BDC 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
89.98
We found 5 important support areas.
- A support zone ranging from 143.47 to 144.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 116.17 to 119.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @107.41 from a horizontal line in the daily time frame.
- Support @95.57 from a trend line in the weekly time frame.
- Support @90.89 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for BDC is up. |
| ChartMill Relative Strength | 84.78 | POSITIVE | BDC has a high relative strength, it outperformed 84.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BDC is above the rising 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) | UP | POSITIVE | The current price of BDC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.28 | NEUTRAL | The RSI value for BDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.47 | POSITIVE | The MACD value suggests BDC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.59 | NEUTRAL | The Stochastics value for BDC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for BDC suggests some volalility. |
| Average Directional Index/ADX (14) | 44.22 | POSITIVE | The high ADX value value for BDC suggests a strong trend. |
144.62
-2.11 (-1.44%)
BELDEN INC / BDC FAQ
What is the technical rating for BDC stock?
ChartMill assigns a technical rating of 9 / 10 to BDC.
What is the current trend direction of BELDEN INC (BDC) stock?
The current trend direction for BELDEN INC (BDC) is Bullish.
What is the RSI signal for BELDEN INC (BDC) stock?
BELDEN INC (BDC) has an RSI value of 69.2818. This indicates that the stock is currently neutral.
What is the MACD signal for BDC stock?
The MACD indicator for BELDEN INC (BDC) has a value of 1.46648, indicating a bullish trend.
Can you provide the support and resistance levels for BELDEN INC?
BELDEN INC (BDC) has a support level at 144.61. Check the full technical report for our detailed analysis of BDC support and resistance levels.