BEL FUSE INC-CL B (BELFB) Stock Technical Analysis
NASDAQ:BELFB - Nasdaq - US0773473006 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to BELFB. In the last year, BELFB was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, BELFB did better than 86% of all other stocks.
BELFB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BELFB is performing more or less in line with the market.
In the last month BELFB has a been trading in the 69.00 - 86.66 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BELFB is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, BELFB did better than 69% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BELFB has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
61.42
87.03
When analyzing the support we can see 4 important areas.
- A support zone ranging from 85.51 to 86.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.90 from a trend line in the daily time frame.
- Support @63.45 from a trend line in the weekly time frame.
- Support @62.04 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @86.17 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for BELFB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BELFB is up. |
| ChartMill Relative Strength | 86.83 | POSITIVE | BELFB has a high relative strength, it outperformed 86.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BELFB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BELFB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BELFB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.4 | OVERBOUGHT | The high RSI value suggests BELFB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.31 | POSITIVE | The MACD value suggests BELFB has a positive trend. |
| Stochastics (14,3) | 96.37 | OVERBOUGHT | The high Stochastics value suggests BELFB may be overbought. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for BELFB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.3 | NEGATIVE | The low ADX value for BELFB 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)
86.16
-0.23 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.27%
1 Week12.36%
2 Weeks16.75%
1 Month10.9%
3 Month12.79%
6 Month0.76%
12 Month30.98%
2 Year50.08%
3 Year453.73%
5 Year702.98%
10 Year319.88%
15 Year421.87%
Volatility
ATR(14)2.97
ATR(20)%3.29%
ATR Inc18.39%
Range Today2.34
ADR(20)2.7
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.83
Mansfield1.03
10 Day High86.66
10 Day Low70.87
20 Day High86.66
20 Day Low69
52 Week High92.61
52 Week Low58
CS1 End86.15
CR1 Start86.17
Volume & EV
DER(3)2.28%
DER(5)2.54%
Volume269.30K
Volume Incr117.25%
Vol(5)193.10K
Vol(50)105.75K