BEWI Technical Analysis - BEWI AS

Technical Rating and Analysis

Taking everything into account, BEWI scores 1 out of 10 in our technical rating. BEWI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, BEWI is a bad performer in the overall market: 85% of all stocks are doing better.

BEWI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BEWI is lagging the market.

In the last month BEWI has a been trading in the 21.50 - 25.00 range, which is quite wide. It is currently trading near the lows of this range.

Warning: BEWI has an average volume of 29025 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

BEWI is part of the Chemicals industry. There are 66 other stocks in this industry, BEWI did better than 41% of them.

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

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

BEWI has a bad 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 20.98, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

20.59

28.99

We found 1 important support area.

A support zone ranging from 20.80 to 20.98. This zone is formed by a combination of multiple trend lines in the weekly time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 22.40 to 23.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @26.37 from a trend line in the weekly time frame.
Resistance @28.70 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for BEWI.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BEWI.OL is down.
ChartMill Relative Strength	15.17	NEGATIVE	BEWI.OL has a low relative strength, it was outperformed by 84.83% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of BEWI.OL is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BEWI.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BEWI.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.87	NEUTRAL	The RSI value for BEWI.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests BEWI.OL has a negative trend.
Stochastics (14,3)	8.33	OVERSOLD	The low Stochastics value suggests BEWI.OL may be oversold.
Average True Range in percent/ATR (20)	3.53	MEDIUM VOLATILITY	The ATR as a percentage value for BEWI.OL suggests some volalility.
Average Directional Index/ADX (14)	24.24	NEUTRAL	The ADX value for BEWI.OL suggests a possible start of a new trend.