BE Technical Analysis - BLOOM ENERGY CORP- A

Technical Rating and Analysis

Taking everything into account, BE scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BE has proven to be a steady performer, scoring decent points in every aspect analyzed.

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 99% 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 92 other stocks in this industry. BE outperforms 96% of them.

A new 52 week high is currently being made by BE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month BE has a been trading in the 40.56 - 73.42 range, which is quite wide. It is currently trading near the high of this range.

BE has an average volume of 11385100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BLOOM ENERGY CORP- A / BE Weekly stock chart

BLOOM ENERGY CORP- A / BE Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

72.56

74.02

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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 BE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BE is up.
ChartMill Relative Strength	99.4	POSITIVE	BE has a high relative strength, it outperformed 99.4% 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)	84.66	OVERBOUGHT	The high RSI value suggests BE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.28	POSITIVE	The MACD value suggests BE has a positive trend.
Stochastics (14,3)	94.58	OVERBOUGHT	The high Stochastics value suggests BE may be overbought.
Average True Range in percent/ATR (20)	5.47	HIGH VOLATILITY	The high ATR as a percentage value for BE suggests high volalility.
Average Directional Index/ADX (14)	42.61	POSITIVE	The high ADX value value for BE suggests a strong trend.