BUSINESS FIRST BANCSHARES (BFST) Stock Technical Analysis
NASDAQ:BFST • US12326C1053
Overall BFST gets a technical rating of 8 out of 10. Although BFST is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- BFST is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BFST is lagging the market slightly.
- BFST is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- 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 67% of all stocks.
- BFST is part of the Banks industry. There are 381 other stocks in this industry, BFST did better than 44% of them.
Besides having an excellent technical rating, BFST also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
22.83
3 important support areas can be observed.
- A support zone ranging from 27.33 to 27.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.88 to 25.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.06 to 23.50. 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 29.42 to 29.99. 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 | 67.63 | 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) | UP | POSITIVE | The current price of BFST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.8 | NEUTRAL | The RSI value for BFST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BFST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.41 | NEUTRAL | The Stochastics value for BFST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for BFST suggests some volalility. |
| Average Directional Index/ADX (14) | 23.77 | NEUTRAL | The ADX value for BFST suggests a possible start of a new trend. |
29.15
+0.15 (+0.52%)
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 current trend direction of BUSINESS FIRST BANCSHARES (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 59.7987. This indicates that the stock is currently neutral.
What is the short term momentum for BUSINESS FIRST BANCSHARES (BFST) stock?
The short term momentum for BUSINESS FIRST BANCSHARES (BFST) is positive.
What are the support and resistance levels for BUSINESS FIRST BANCSHARES (BFST) stock?
BUSINESS FIRST BANCSHARES (BFST) has a support level at 27.6 and a resistance level at 29.42. Check the full technical report for our detailed analysis of BFST support and resistance levels.