Wells Fargo Bus Dev Comp ETN (BDCS) Technical Analysis
NYSEARCA:BDCS
Current stock price
BDCS Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to BDCS. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BDCS is a bad performer.
- 89% of all other stocks performed better in the past year than BDCS.
- Warning: BDCS has an average volume of 8518 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- BDCS 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- BDCS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BDCS is lagging the market slightly.
BDCS Weekly and Daily overview Charts
BDCS Setup Rating and Analysis
Besides having an excellent technical rating, BDCS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.23. Right above this resistance zone may be a good entry point.
More info and screens
BDCS Support and Resistance Analysis
13.08
We found 4 important support areas.
- A support zone ranging from 15.06 to 15.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.29 to 14.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.71 to 13.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.21 to 13.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 15.23 to 15.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.68 from a horizontal line in the daily time frame.
- Resistance @20.23 from a horizontal line in the weekly time frame.
BDCS Technical Indicator Signal Analysis
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 BDCS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BDCS is up. |
| ChartMill Relative Strength | 11.18 | NEGATIVE | BDCS has a low relative strength, it was outperformed by 88.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BDCS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BDCS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BDCS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.35 | NEUTRAL | The RSI value for BDCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BDCS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.4 | OVERBOUGHT | The high Stochastics value suggests BDCS may be overbought. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for BDCS suggests some volalility. |
BDCS Chart- and CandleStick Pattern Analysis
BDCS 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.25 | 15.05 | 0.20 (1.31%) | 25.00% |
| An entry @15.25. This is a Buy Stop order right above the resistance zone. | An exit @15.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.20 points, which is 1.31%. | For a 0.33% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BDCS. Please evaluate whether better entry and exit points can be found.
- 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.
BDCS Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:BDCS (11/25/2020, 8:04:01 PM)
15.225
+0 (+0.03%)
Wells Fargo Bus Dev Comp ETN / BDCS TA FAQ
What is the technical rating for BDCS stock?
ChartMill assigns a technical rating of 7 / 10 to BDCS.
What is the trend direction for BDCS stock?
The current trend direction for Wells Fargo Bus Dev Comp ETN (BDCS) is Bullish.
What is the RSI signal for Wells Fargo Bus Dev Comp ETN (BDCS) stock?
Wells Fargo Bus Dev Comp ETN (BDCS) has an RSI value of 65.3463. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Wells Fargo Bus Dev Comp ETN?
The MACD indicator for Wells Fargo Bus Dev Comp ETN (BDCS) has a value of 0.0655182, indicating a bearish trend.
What is the short term momentum for BDCS stock?
The short term momentum for Wells Fargo Bus Dev Comp ETN (BDCS) is positive.