BUSINESS FIRST BANCSHARES (BFST) Stock Technical Analysis
NASDAQ:BFST - Nasdaq - US12326C1053 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to BFST. BFST has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, BFST turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
BFST is part of the Banks industry. There are 396 other stocks in this industry, BFST did better than 41% of them.
BFST is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BFST is lagging the market slightly.
In the last month BFST has a been trading in the 22.88 - 25.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BFST does present a nice setup opportunity. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.29
26.90
We found 3 important support areas.
- Support @23.29 from a trend line in the daily time frame.
- Support @22.20 from a trend line in the weekly time frame.
- A support zone ranging from 21.50 to 21.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 23.40 to 24.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.92 to 25.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.63 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 | NEUTRAL | NEUTRAL | The long term trend for BFST is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BFST is neutral. |
| ChartMill Relative Strength | 65.64 | NEUTRAL | BFST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BFST is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BFST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BFST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.24 | NEUTRAL | The RSI value for BFST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BFST has a negative trend. |
| Stochastics (14,3) | 60.4 | NEUTRAL | The Stochastics value for BFST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for BFST suggests some volalility. |
| Average Directional Index/ADX (14) | 12.37 | NEGATIVE | The low ADX value for BFST 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)
23.34
-0.73 (-3.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.03%
1 Week-1.56%
2 Weeks-1.89%
1 Month-5.77%
3 Month-4.34%
6 Month-16.25%
12 Month18.36%
2 Year54.88%
3 Year9.53%
5 Year52.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%2.51%
ATR Inc7.02%
Range Today0.71
ADR(20)0.55
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.64
Mansfield-0.97
10 Day High24.53
10 Day Low22.88
20 Day High25.02
20 Day Low22.88
52 Week High30.3
52 Week Low19.4
CS1 End23.29
CR1 Start23.4
Volume & EV
DER(3)0.05%
DER(5)0.74%
Volume80.90K
Volume Incr14.7%
Vol(5)88.96K
Vol(50)101.51K