BASTION ENERGY ETF (BESF) Stock Technical Analysis
USA - NYSEARCA:BESF - US02072Q6715 - ETF
We assign a technical rating of 6 out of 10 to BESF. In the last year, BESF was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
BESF 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 very little resistance above the current price.
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25.34
4 important support areas can be observed.
- A support zone ranging from 32.05 to 32.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @27.24 from a trend line in the daily time frame.
- Support @26.43 from a horizontal line in the daily time frame.
- Support @25.60 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for BESF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BESF is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BESF has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BESF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BESF is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.24 | NEUTRAL | The RSI value for BESF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests BESF has a negative trend. |
| Stochastics (14,3) | 38.05 | NEUTRAL | The Stochastics value for BESF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for BESF suggests some volalility. |
| Average Directional Index/ADX (14) | 29.12 | POSITIVE | The high ADX value value for BESF suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.99 | 32.04 | 2.95 (8.43%) | 11.86% |
| An entry @34.99. This is a Buy Stop order right above the 10 day high. | An exit @32.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.95 points, which is 8.43%. | For a 1.00% total portfolio risk, you can invest 11.86% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
32.9617
+0.58 (+1.79%)
BASTION ENERGY ETF / BESF FAQ
What is the technical rating for BESF stock?
ChartMill assigns a technical rating of 6 / 10 to BESF.
Can you provide the trend direction for BASTION ENERGY ETF?
The current trend direction for BASTION ENERGY ETF (BESF) is Bullish.
What is the RSI signal for BASTION ENERGY ETF (BESF) stock?
BASTION ENERGY ETF (BESF) has an RSI value of 59.2417. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BASTION ENERGY ETF?
The MACD indicator for BASTION ENERGY ETF (BESF) has a value of -0.135051, indicating a bearish trend.
What is the buy/sell signal for BASTION ENERGY ETF (BESF) stock?
The buy/sell signal for BASTION ENERGY ETF (BESF) is buy as both the short term and long term trends are positive.