Benefytt Technologies Inc. (BFYT) Technical Analysis
NASDAQ:BFYT
Current stock price
BFYT Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to BFYT. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BFYT is a bad performer.
- 100% of all other stocks performed better in the past year than BFYT.
- BFYT 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 BFYT is lagging the market.
- Both the short term and long term trends are positive. This is a very positive sign.
- BFYT 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.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- In the last month BFYT has a been trading in a tight range between 30.86 and 31.14.
BFYT Weekly and Daily overview Charts
BFYT Setup Rating and Analysis
BFYT has only a medium 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 resistance zone just above the current price starting at 31.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BFYT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BFYT Support and Resistance Analysis
17.31
We found 4 important support areas.
- A support zone ranging from 30.86 to 30.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.00 from a trend line in the daily time frame.
- Support @18.35 from a trend line in the daily time frame.
- Support @17.48 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.05 to 31.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
BFYT 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 | UP | POSITIVE | The long term trend for BFYT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BFYT is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BFYT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BFYT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BFYT is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 72.93 | OVERBOUGHT | The high RSI value suggests BFYT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests BFYT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.09 | NEUTRAL | The Stochastics value for BFYT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.31 | LOW VOLATILITY | The low ATR as a percentage value for BFYT suggests low volalility. |
BFYT Chart- and CandleStick Pattern Analysis
BFYT Example Setup
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 |
|---|---|---|---|
| 31.17 | 30.94 | 0.23 (0.74%) | 25.00% |
| An entry @31.17. This is a Buy Stop order right above the resistance zone. | An exit @30.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.23 points, which is 0.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.18%. |
- 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.
BFYT Technicals: Chart, Performance Metrics, Trend & Indicators
31
+0.03 (+0.1%)
Benefytt Technologies Inc. / BFYT TA FAQ
What is the ChartMill technical rating of Benefytt Technologies Inc. (BFYT) stock?
ChartMill assigns a technical rating of 6 / 10 to BFYT.
What is the current trend direction of Benefytt Technologies Inc. (BFYT) stock?
The current trend direction for Benefytt Technologies Inc. (BFYT) is Bullish.
Can you provide the RSI signal for Benefytt Technologies Inc.?
Benefytt Technologies Inc. (BFYT) has an RSI value of 72.929. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Benefytt Technologies Inc.?
The MACD indicator for Benefytt Technologies Inc. (BFYT) has a value of -0.363077, indicating a bearish trend.
What is the buy/sell signal for BFYT stock?
The buy/sell signal for Benefytt Technologies Inc. (BFYT) is buy as both the short term and long term trends are positive.