BIGLARI HOLDINGS INC-B (BH) Technical Analysis
NYSE:BH • US08986R3093
Current stock price
BH Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to BH. Although BH is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month BH has a been trading in the 293.59 - 396.46 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, BH did better than 80% of all other stocks.
- BH is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry. BH outperforms 87% of them.
- BH 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 BH is lagging the market slightly.
BH Weekly and Daily overview Charts
BH Setup Rating and Analysis
Although the technical rating is bad, BH 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 320.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 302.14, a Stop Loss order could be placed below this zone.
More info and screens
BH Support and Resistance Analysis
261.13
When analyzing the support we can see 5 important areas.
- A support zone ranging from 300.34 to 302.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @293.70 from a trend line in the weekly time frame.
- Support @286.70 from a trend line in the daily time frame.
- A support zone ranging from 273.69 to 275.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @263.77 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 320.57 to 324.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
BH 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 | DOWN | NEGATIVE | The long term trend for BH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BH is down. |
| ChartMill Relative Strength | 80.56 | POSITIVE | BH has a high relative strength, it outperformed 80.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.82 | NEUTRAL | The RSI value for BH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.01 | POSITIVE | The MACD value suggests BH has a positive trend. |
| Stochastics (14,3) | 47.66 | NEUTRAL | The Stochastics value for BH is a neutral value. |
| Average True Range in percent/ATR (20) | 6.73 | HIGH VOLATILITY | The high ATR as a percentage value for BH suggests high volalility. |
| Average Directional Index/ADX (14) | 20.41 | NEUTRAL | The ADX value for BH suggests a possible start of a new trend. |
BH Chart- and CandleStick Pattern Analysis
BH Technicals: Chart, Performance Metrics, Trend & Indicators
320.56
+4.67 (+1.48%)
BIGLARI HOLDINGS INC-B / BH TA FAQ
What is the technical rating for BH stock?
ChartMill assigns a technical rating of 3 / 10 to BH.
What is the trend direction for BH stock?
The current trend direction for BIGLARI HOLDINGS INC-B (BH) is Bearish.
What is the RSI signal for BIGLARI HOLDINGS INC-B (BH) stock?
BIGLARI HOLDINGS INC-B (BH) has an RSI value of 43.8191. This indicates that the stock is currently neutral.
What is the MACD signal for BIGLARI HOLDINGS INC-B (BH) stock?
The MACD indicator for BIGLARI HOLDINGS INC-B (BH) has a value of 3.00514, indicating a bullish trend.
What is the short term momentum for BH stock?
The short term momentum for BIGLARI HOLDINGS INC-B (BH) is negative.