BEKB Technical Analysis - BEKAERT NV

Technical Rating and Analysis

Taking everything into account, BEKB scores 8 out of 10 in our technical rating. Although BEKB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!

BEKB 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 BEKB is lagging the market slightly.

In the last month BEKB has a been trading in the 33.35 - 37.80 range, which is quite wide. It is currently trading near the high of this range.

When compared to the yearly performance of all other stocks, BEKB outperforms 42% of them, which is more or less in line with the market.

BEKB is part of the Metals & Mining industry. There are 40 other stocks in this industry, BEKB did better than 43% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although BEKB has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

33.06

37.89

When analyzing the support we can see 2 important areas.

A support zone ranging from 34.93 to 35.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 33.39 to 33.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 37.06 to 37.51. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 BEKB.BR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BEKB.BR is up.
ChartMill Relative Strength	42.49	NEUTRAL	BEKB.BR is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BEKB.BR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BEKB.BR is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of BEKB.BR is above a declining SMA(200).
Relative Strength Index/RSI (14)	64.2	NEUTRAL	The RSI value for BEKB.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.23	POSITIVE	The MACD value suggests BEKB.BR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	84.43	OVERBOUGHT	The high Stochastics value suggests BEKB.BR may be overbought.
Average True Range in percent/ATR (20)	1.76	LOW VOLATILITY	The low ATR as a percentage value for BEKB.BR suggests low volalility.
Average Directional Index/ADX (14)	21.93	NEUTRAL	The ADX value for BEKB.BR suggests a possible start of a new trend.