BEACON ROOFING SUPPLY INC (BECN) Stock Technical Analysis
NASDAQ:BECN - Nasdaq - US0736851090 - Common Stock - Currency: USD
Taking everything into account, BECN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BECN 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 BECN is one of the better performing stocks in the market, outperforming 89% of all stocks.
BECN is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry. BECN outperforms 89% of them.
A new 52 week high is currently being made by BECN, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so BECN is leading the market.
BECN has an average volume of 2876820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BECN has a been trading in a tight range between 121.16 and 124.31.
BECN 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 a resistance zone just above the current price starting at 124.19. Right above this resistance zone may be a good entry point. 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
82.87
125.43
4 important support areas can be observed.
- A support zone ranging from 119.73 to 121.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 111.10 to 111.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @90.72 from a trend line in the weekly time frame.
- Support @83.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 124.19 to 124.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BECN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BECN is up. |
| ChartMill Relative Strength | 89.49 | POSITIVE | BECN has a high relative strength, it outperformed 89.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BECN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BECN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BECN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.87 | NEUTRAL | The RSI value for BECN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests BECN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 98.41 | OVERBOUGHT | The high Stochastics value suggests BECN may be overbought. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for BECN suggests low volalility. |
| Average Directional Index/ADX (14) | 16.88 | NEGATIVE | The low ADX value for BECN suggests a weak or negative 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 |
|---|---|---|---|
| 124.20 | 122.95 | 1.25 (1.01%) | 25.00% |
| An entry @124.20. This is a Buy Stop order right above the resistance zone. | An exit @122.95. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.25 points, which is 1.01%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.25%. |
- 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.
124.17
-0.02 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.02%
1 Week0.42%
2 Weeks0.83%
1 Month0.28%
3 Month4.93%
6 Month33.03%
12 Month29.49%
2 Year106.33%
3 Year108.23%
5 Year464.41%
10 Year317.8%
15 Year459.32%
Volatility
ATR(14)0.61
ATR(20)%0.53%
ATR Inc-80.35%
Range Today0.2
ADR(20)0.65
ADR(20)%0.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.49
Mansfield2.37
10 Day High124.31
10 Day Low122.96
20 Day High124.31
20 Day Low121.16
52 Week High124.31
52 Week Low77.54
CS1 End121.4
CR1 Start124.19
Volume & EV
DER(3)1.18%
DER(5)-1.17%
Volume8.32M
Volume Incr-6.4%
Vol(5)3.36M
Vol(50)2.88M