Taking everything into account, BFST scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BFST is only an average performer.
Although BFST has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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22.69
When analyzing the support we can see 3 important areas.
- A support zone ranging from 25.40 to 26.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.25 from a horizontal line in the daily time frame.
- A support zone ranging from 22.92 to 23.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 27.61 to 28.08. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 63.79 | NEUTRAL | BFST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BFST is below 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) | UP | POSITIVE | The current price of BFST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.94 | NEUTRAL | The RSI value for BFST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests BFST has a negative trend. |
| Stochastics (14,3) | 32.11 | NEUTRAL | The Stochastics value for BFST is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for BFST suggests low volalility. |
| Average Directional Index/ADX (14) | 31.47 | POSITIVE | The high ADX value value for BFST suggests a strong trend. |
26.84
-0.08 (-0.3%)
BUSINESS FIRST BANCSHARES / BFST FAQ
What is the ChartMill technical rating of BUSINESS FIRST BANCSHARES (BFST) stock?
ChartMill assigns a technical rating of 8 / 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 51.935. 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 -0.14991, 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 26.05 and a resistance level at 27.61. Check the full technical report for our detailed analysis of BFST support and resistance levels.