BLOOM ENERGY CORP- A (BE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BE • US0937121079
We assign a technical rating of 10 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 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. We also observe that the gains produced by BE over the past year are nicely spread over this period.
- BE is one of the better performing stocks in the Electrical Equipment industry, it outperforms 97% 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 12121300 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 130.00 - 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. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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4 important support areas can be observed.
- A support zone ranging from 142.81 to 143.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @136.59 from a horizontal line in the daily time frame.
- Support @106.37 from a trend line in the weekly time frame.
- Support @94.69 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 | 99.36 | POSITIVE | BE has a high relative strength, it outperformed 99.36% 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) | 54.44 | NEUTRAL | The RSI value for BE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.12 | NEGATIVE | The MACD value suggests BE has a negative trend. |
| Stochastics (14,3) | 38.61 | NEUTRAL | The Stochastics value for BE is a neutral value. |
| Average True Range in percent/ATR (20) | 10.15 | HIGH VOLATILITY | The high ATR as a percentage value for BE suggests high volalility. |
| Average Directional Index/ADX (14) | 30.15 | POSITIVE | The high ADX value value for BE suggests a strong trend. |
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 |
|---|---|---|---|
| 152.92 | 142.80 | 10.12 (6.62%) | 15.11% |
| An entry @152.92. This is a Buy Stop order right above the 10 day moving average. | An exit @142.80. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.12 points, which is 6.62%. | For a 1.00% total portfolio risk, you can invest 15.11% of your capital in this trade. |
- 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.
148.7
-6.47 (-4.17%)
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 10 / 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 54.4415. 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 -2.1214, indicating a bearish trend.
What is the support and resistance level for BE stock?
BLOOM ENERGY CORP- A (BE) has a support level at 143.02. Check the full technical report for our detailed analysis of BE support and resistance levels.