BLACK DIAMOND INC (BDE) Stock Technical Analysis
NASDAQ:BDE - Nasdaq - US09202G1013
Overall BDE gets a technical rating of 8 out of 10. In the last year, BDE was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month BDE has a been trading in the 6.35 - 7.15 range, which is quite wide. It is currently trading near the lows of this range.
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, BDE did better than 86% of all other stocks.
BDE 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 BDE is lagging the market slightly.
Besides having an excellent technical rating, BDE also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 6.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BDE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.13
7.18
We found 4 important support areas.
- A support zone ranging from 6.49 to 6.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.58 from a trend line in the weekly time frame.
- A support zone ranging from 5.20 to 5.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @4.17 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.65 to 6.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.11 to 7.11. 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 BDE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BDE is neutral. |
| ChartMill Relative Strength | 86.87 | POSITIVE | BDE has a high relative strength, it outperformed 86.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BDE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BDE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BDE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.24 | NEUTRAL | The RSI value for BDE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BDE has a negative trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for BDE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for BDE suggests some volalility. |
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)
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 |
|---|---|---|---|
| 6.85 | 6.48 | 0.37 (5.40%) | 18.51% |
| An entry @6.85. This is a Buy Stop order right above the resistance zone. | An exit @6.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.37 points, which is 5.40%. | For a 1.00% total portfolio risk, you can invest 18.51% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BDE. 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.
6.65
+0.05 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.76%
1 Week-6.34%
2 Weeks2.31%
1 Month-2.21%
3 Month12.71%
6 Month20.91%
12 Month43.01%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%3.73%
ATR Inc60.8%
Range Today0.35
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.87
Mansfield0.97
10 Day High7.15
10 Day Low6.35
20 Day High7.15
20 Day Low6.35
52 Week High7.15
52 Week Low4.41
CS1 End6.51
CR1 Start6.65
Volume & EV
DER(3)7.25%
DER(5)2.3%
Volume225.40K
Volume Incr44.15%
Vol(5)130.36K
Vol(50)157.01K