BLOOM ENERGY CORP- A (BE) Stock Technical Analysis
NYSE:BE - New York Stock Exchange, Inc. - US0937121079 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to BE. BE has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
BE is part of the Electrical Equipment industry. There are 93 other stocks in this industry. BE outperforms 88% of them.
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 6149640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BE is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month BE has a been trading in the 20.93 - 29.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
9.68
25.65
4 important support areas can be observed.
- Support @22.13 from a horizontal line in the daily time frame.
- Support @21.07 from a trend line in the daily time frame.
- A support zone ranging from 18.88 to 19.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.78 from a horizontal line in the weekly 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 | 93.92 | POSITIVE | BE has a high relative strength, it outperformed 93.92% 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) | 58.9 | NEUTRAL | The RSI value for BE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests BE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.43 | NEUTRAL | The Stochastics value for BE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.17 | HIGH VOLATILITY | The high ATR as a percentage value for BE suggests high volalility. |
| Average Directional Index/ADX (14) | 26.68 | 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)
25.4
-0.45 (-1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-1.74%
1 Week4.79%
2 Weeks13.75%
1 Month12.74%
3 Month43.99%
6 Month7.72%
12 Month81.82%
2 Year42.22%
3 Year25.56%
5 Year108.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.84
ATR(20)%6.17%
ATR Inc42.94%
Range Today1.14
ADR(20)1.25
ADR(20)%4.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.92
Mansfield2.54
10 Day High29.44
10 Day Low21.52
20 Day High29.44
20 Day Low20.93
52 Week High29.83
52 Week Low9.02
CS1 End22.13
CR1 StartN/A
Volume & EV
DER(3)1.47%
DER(5)-0.24%
Volume7.24M
Volume Incr134.37%
Vol(5)11.84M
Vol(50)6.15M