BELFA Technical Analysis - BEL FUSE INC-CL A

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to BELFA. Both in the recent history as in the last year, BELFA has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: BELFA has an average volume of 7786 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

BELFA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

Looking at the yearly performance, BELFA did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

BELFA is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 66% of 125 stocks in the same industry.

In the last month BELFA has a been trading in the 107.51 - 126.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BEL FUSE INC-CL A / BELFA Weekly stock chart

BEL FUSE INC-CL A / BELFA Daily stock chart

Setup Rating and Analysis

Although BELFA has an excellent technical rating, it does not present a decent entry opportunity 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

58.90

122.94

When analyzing the support we can see 4 important areas.

A support zone ranging from 107.43 to 108.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @72.68 from a trend line in the daily time frame.
Support @65.57 from a trend line in the weekly time frame.
Support @59.49 from a horizontal line in the weekly time frame.

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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 BELFA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BELFA is up.
ChartMill Relative Strength	87.12	POSITIVE	BELFA has a high relative strength, it outperformed 87.12% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BELFA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BELFA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BELFA is above the rising SMA(200).
Relative Strength Index/RSI (14)	59.99	NEUTRAL	The RSI value for BELFA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests BELFA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	67.6	NEUTRAL	The Stochastics value for BELFA is a neutral value.
Average True Range in percent/ATR (20)	2.68	MEDIUM VOLATILITY	The ATR as a percentage value for BELFA suggests some volalility.
Average Directional Index/ADX (14)	23.79	NEUTRAL	The ADX value for BELFA suggests a possible start of a new trend.