BLOOM ENERGY CORP- A (BE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BE - US0937121079 - Common Stock
We assign a technical rating of 9 out of 10 to BE. 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.
Although BE has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
83.51
We found 3 important support areas.
- A support zone ranging from 95.40 to 96.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @93.50 from a trend line in the daily time frame.
- Support @84.35 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @142.38 from a horizontal line 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 BE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BE is up. |
| ChartMill Relative Strength | 99.38 | POSITIVE | BE has a high relative strength, it outperformed 99.38% 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) | 70.65 | OVERBOUGHT | The high RSI value suggests BE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.97 | POSITIVE | The MACD value suggests BE has a positive trend. |
| Stochastics (14,3) | 90.23 | OVERBOUGHT | The high Stochastics value suggests BE may be overbought. |
| Average True Range in percent/ATR (20) | 6.92 | HIGH VOLATILITY | The high ATR as a percentage value for BE suggests high volalility. |
| Average Directional Index/ADX (14) | 21 | NEUTRAL | The ADX value for BE suggests a possible start of a new trend. |
134.07
+12.23 (+10.04%)
BLOOM ENERGY CORP- A / BE FAQ
What is the ChartMill technical rating of BLOOM ENERGY CORP- A (BE) stock?
ChartMill assigns a technical rating of 9 / 10 to BE.
What is the trend direction for BE stock?
The current trend direction for BLOOM ENERGY CORP- A (BE) is Bullish.
What is the RSI signal for BE stock?
BLOOM ENERGY CORP- A (BE) has an RSI value of 70.6544. This indicates that the stock is currently overbought.
What is the MACD signal for BE stock?
The MACD indicator for BLOOM ENERGY CORP- A (BE) has a value of 4.96967, indicating a bullish trend.
What is the support and resistance level for BE stock?
BLOOM ENERGY CORP- A (BE) has a support level at 96.25 and a resistance level at 142.38. Check the full technical report for our detailed analysis of BE support and resistance levels.