BUSINESS FIRST BANCSHARES (BFST) Stock Technical Analysis
USA - NASDAQ:BFST - US12326C1053 - Common Stock
Taking everything into account, BFST scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BFST is a bad performer.
Although the technical rating is only medium, BFST does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.09, a Stop Loss order could be placed below this zone.
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22.66
2 important support areas can be observed.
- A support zone ranging from 24.14 to 25.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.89 to 22.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 25.40 to 25.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 26.29 to 26.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BFST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BFST is up. |
| ChartMill Relative Strength | 32.29 | NEUTRAL | BFST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BFST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BFST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BFST is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.71 | NEUTRAL | The RSI value for BFST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BFST has a positive trend. |
| Stochastics (14,3) | 63.91 | NEUTRAL | The Stochastics value for BFST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for BFST suggests some volalility. |
| Average Directional Index/ADX (14) | 21.19 | NEUTRAL | The ADX value for BFST suggests a possible start of a new 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 |
|---|---|---|---|
| 25.43 | 24.13 | 1.30 (5.11%) | 19.56% |
| An entry @25.43. This is a Buy Stop order right above the resistance zone. | An exit @24.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.30 points, which is 5.11%. | When investing 19.56% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
25.12
+0.46 (+1.87%)
BUSINESS FIRST BANCSHARES / BFST FAQ
What is the ChartMill technical rating of BUSINESS FIRST BANCSHARES (BFST) stock?
ChartMill assigns a technical rating of 6 / 10 to BFST.
What is the trend direction for BFST stock?
The current trend direction for BUSINESS FIRST BANCSHARES (BFST) is Bullish.
What is the RSI signal for BFST stock?
BUSINESS FIRST BANCSHARES (BFST) has an RSI value of 60.712. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BUSINESS FIRST BANCSHARES?
The MACD indicator for BUSINESS FIRST BANCSHARES (BFST) has a value of 0.10305, indicating a bearish trend.
Can you provide the support and resistance levels for BUSINESS FIRST BANCSHARES?
BUSINESS FIRST BANCSHARES (BFST) has a support level at 25.09 and a resistance level at 25.4. Check the full technical report for our detailed analysis of BFST support and resistance levels.