BLOOM ENERGY CORP- A (BE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BE • US0937121079
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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, BE did better than 99% of all other stocks.
- BE is one of the better performing stocks in the Electrical Equipment industry, it outperforms 98% of 91 stocks in the same industry.
- BE 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 BE is lagging the market slightly.
- BE has an average volume of 12320700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month BE has a been trading in the 116.16 - 176.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
80.86
When analyzing the support we can see 4 important areas.
- A support zone ranging from 136.59 to 136.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @104.17 from a trend line in the weekly time frame.
- Support @93.21 from a trend line in the daily time frame.
- Support @81.68 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for BE is neutral. |
| ChartMill Relative Strength | 99.32 | POSITIVE | BE has a high relative strength, it outperformed 99.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BE is below 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) | 49.75 | NEUTRAL | The RSI value for BE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.77 | NEGATIVE | The MACD value suggests BE has a negative trend. |
| Stochastics (14,3) | 41.98 | NEUTRAL | The Stochastics value for BE is a neutral value. |
| Average True Range in percent/ATR (20) | 10.74 | HIGH VOLATILITY | The high ATR as a percentage value for BE suggests high volalility. |
| Average Directional Index/ADX (14) | 32.9 | POSITIVE | The high ADX value value for BE suggests a strong trend. |
136.6
-10.75 (-7.3%)
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 49.7524. This indicates that the stock is currently neutral.
What is the MACD signal for BE stock?
The MACD indicator for BLOOM ENERGY CORP- A (BE) has a value of -1.77233, indicating a bearish trend.
What is the support and resistance level for BE stock?
BLOOM ENERGY CORP- A (BE) has a support level at 136.59. Check the full technical report for our detailed analysis of BE support and resistance levels.