BEK-B Technical Analysis - BECKER MILK CO LTD -CL 'B'

Technical Rating and Analysis

Taking everything into account, BEK-B scores 4 out of 10 in our technical rating. In the last year, BEK-B was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

Warning: BEK-B has an average volume of 943 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

In the last month BEK-B has a been trading in the 12.51 - 13.95 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

When compared to the yearly performance of all other stocks, BEK-B outperforms 46% of them, which is more or less in line with the market.

BEK-B is part of the Real Estate Management & Development industry. There are 31 other stocks in this industry, BEK-B did better than 56% of them.

BEK-B is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BEK-B is lagging the market.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

BECKER MILK CO LTD -CL 'B' / BEK-B Weekly stock chart

BECKER MILK CO LTD -CL 'B' / BEK-B Daily stock chart

Setup Rating and Analysis

BEK-B has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 12.96, a Stop Loss order could be placed below this zone. 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

11.64

14.63

We found 4 important support areas.

A support zone ranging from 12.65 to 12.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @12.41 from a horizontal line in the daily time frame.
A support zone ranging from 12.00 to 12.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @11.76 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 13.01 to 13.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 13.91 to 14.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 14.42 to 14.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 BEK-B.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BEK-B.CA is neutral.
ChartMill Relative Strength	46.18	NEUTRAL	BEK-B.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BEK-B.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of BEK-B.CA is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of BEK-B.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	51.44	NEUTRAL	The RSI value for BEK-B.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests BEK-B.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	60.65	NEUTRAL	The Stochastics value for BEK-B.CA is a neutral value.
Average True Range in percent/ATR (20)	2.13	MEDIUM VOLATILITY	The ATR as a percentage value for BEK-B.CA suggests some volalility.
Average Directional Index/ADX (14)	7.84	NEGATIVE	The low ADX value for BEK-B.CA suggests a weak or negative trend.