BLOOM ENERGY CORP- A (BE) Stock Technical Analysis
NYSE:BE - New York Stock Exchange, Inc. - US0937121079 - Common Stock - Currency: USD
Overall BE gets a technical rating of 10 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, BE is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that BE is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by BE over the past year are nicely spread over this period.
BE is part of the Electrical Equipment industry. There are 93 other stocks in this industry. BE outperforms 93% of them.
BE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BE has a been trading in the 23.94 - 39.09 range, which is quite wide. It is currently trading near the high of this range.
BE has an average volume of 7793520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Although BE has an excellent technical rating, it does not present a decent entry opportunity 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
19.57
36.46
2 important support areas can be observed.
- Support @26.64 from a trend line in the daily time frame.
- A support zone ranging from 19.77 to 20.04. 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 BE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BE is up. |
| ChartMill Relative Strength | 98.18 | POSITIVE | BE has a high relative strength, it outperformed 98.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.97 | OVERBOUGHT | The high RSI value suggests BE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.78 | POSITIVE | The MACD value suggests BE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.36 | OVERBOUGHT | The high Stochastics value suggests BE may be overbought. |
| Average True Range in percent/ATR (20) | 6.43 | HIGH VOLATILITY | The high ATR as a percentage value for BE suggests high volalility. |
| Average Directional Index/ADX (14) | 40.73 | POSITIVE | The high ADX value value for BE 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)
36.1
-0.62 (-1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-1.69%
1 Week3.8%
2 Weeks42.35%
1 Month48.19%
3 Month104.88%
6 Month45.68%
12 Month214.19%
2 Year140.83%
3 Year42.07%
5 Year130.52%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.38
ATR(20)%6.43%
ATR Inc111.67%
Range Today2.8
ADR(20)1.98
ADR(20)%5.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.18
Mansfield6.5
10 Day High39.09
10 Day Low24.39
20 Day High39.09
20 Day Low23.94
52 Week High39.09
52 Week Low9.02
CS1 End26.64
CR1 StartN/A
Volume & EV
DER(3)2.36%
DER(5)1.58%
Volume7.91M
Volume Incr34.21%
Vol(5)14.00M
Vol(50)7.79M