BLACKROCK FUTURE CLIMATE (BECO) Stock Technical Analysis
NYSEARCA:BECO - US09290C7074 - ETF
20.705 USD
+0.02 (+0.12%)
Taking everything into account, BECO scores 0 out of 10 in our technical rating. BECO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
72% of all other stocks performed better in the past year than BECO.
Warning: BECO has an average volume of 1978 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
BECO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BECO is lagging the market.
In the last month BECO has a been trading in the 20.20 - 21.58 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.
BECO has a poor technical rating and the quality of the setup is also not perfect 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
17.42
22.45
3 important support areas can be observed.
- Support @20.63 from a horizontal line in the daily time frame.
- A support zone ranging from 19.91 to 20.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.60 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.83 to 21.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.84 to 22.23. 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 | DOWN | NEGATIVE | The long term trend for BECO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BECO is down. |
| ChartMill Relative Strength | 28.15 | NEGATIVE | BECO has a low relative strength, it was outperformed by 71.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BECO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BECO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BECO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.09 | NEUTRAL | The RSI value for BECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BECO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.83 | NEUTRAL | The Stochastics value for BECO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for BECO suggests low volalility. |
| Average Directional Index/ADX (14) | 12.59 | NEGATIVE | The low ADX value for BECO 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)
NYSEARCA:BECO (8/12/2024, 8:09:04 PM)
20.705
+0.02 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.12%
1 Week1.7%
2 Weeks-2.56%
1 Month-2.48%
3 Month-4.26%
6 Month1.91%
12 Month0.69%
2 Year3.55%
3 Year-19.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%1.14%
ATR Inc-76.24%
Range Today0
ADR(20)0.12
ADR(20)%0.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.15
Mansfield-0.74
10 Day High21.58
10 Day Low20.2
20 Day High21.58
20 Day Low20.2
52 Week High21.92
52 Week Low18.01
CS1 End20.63
CR1 Start20.83
Volume & EV
DER(3)0%
DER(5)-3.55%
Volume100
Volume Incr58.45%
Vol(5)4.92K
Vol(50)1.98K