BLOOM ENERGY CORP- A (BE) Stock Technical Analysis
USA - NYSE:BE - US0937121079 - Common Stock
86.87 USD
+0.22 (+0.25%)
84.8 USD
-2.07 (-2.38%)
Overall BE gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
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. On top of that, BE also shows a nice and consistent pattern of rising prices.
BE is part of the Electrical Equipment industry. There are 93 other stocks in this industry. BE outperforms 100% 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.
BE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BE has an average volume of 12692700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, BE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 86.86, a Stop Loss order could be placed below this zone.
More info and screens
77.86
87.74
We found 2 important support areas.
- A support zone ranging from 86.06 to 86.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @78.65 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 | 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) | 65.39 | NEUTRAL | The RSI value for BE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests BE has a negative trend. |
| Stochastics (14,3) | 74.77 | NEUTRAL | The Stochastics value for BE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.67 | HIGH VOLATILITY | The high ATR as a percentage value for BE suggests high volalility. |
| Average Directional Index/ADX (14) | 39.07 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 95.71 | 86.05 | 9.66 (10.09%) | 9.91% |
| An entry @95.70. This is a Buy Stop order right above the 10 day high. | An exit @86.05. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.66 points, which is 10.09%. | When investing 9.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
86.87
+0.22 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0.25%
1 Week-3.79%
2 Weeks23.54%
1 Month29.16%
3 Month242.01%
6 Month392.46%
12 Month708.85%
2 Year735.29%
3 Year364.3%
5 Year587.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.18
ATR(20)%8.67%
ATR Inc-25.69%
Range Today7.62
ADR(20)6.87
ADR(20)%7.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.38
Mansfield17.15
10 Day High95.7
10 Day Low70.89
20 Day High95.7
20 Day Low61.37
52 Week High95.7
52 Week Low9.02
CS1 End86.86
CR1 StartN/A
Volume & EV
DER(3)0.45%
DER(5)-0.36%
Volume13.48M
Volume Incr-32.8%
Vol(5)10.56M
Vol(50)12.69M