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

Technical Rating and Analysis

Overall BEK-B gets a technical rating of 4 out of 10. BEK-B has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

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 comparing the performance of all stocks over the past year, BEK-B turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.

BEK-B is part of the Real Estate Management & Development industry. There are 30 other stocks in this industry, BEK-B did better than 58% of them.

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

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

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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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. We see reduced volatility while prices have been consolidating in the most recent period. 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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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.

3 important resistance areas can be observed.

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.

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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.