BENCHMARK ELECTRONICS INC (BHE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BHE - US08160H1014 - Common Stock
Overall BHE gets a technical rating of 8 out of 10. Although BHE 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!
- BHE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BHE has a been trading in the 42.68 - 49.99 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, BHE outperforms 67% of them, which is more or less in line with the market.
- BHE is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, BHE did better than 56% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BHE has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
35.09
We found 4 important support areas.
- A support zone ranging from 43.89 to 45.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.15 to 42.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 37.69 to 38.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.44 to 35.83. 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 49.50 to 49.54. This zone is formed by a combination of multiple trend lines 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 BHE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BHE is up. |
| ChartMill Relative Strength | 67.94 | NEUTRAL | BHE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BHE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BHE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BHE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.39 | OVERBOUGHT | The high RSI value suggests BHE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests BHE has a positive trend. |
| Stochastics (14,3) | 91.91 | OVERBOUGHT | The high Stochastics value suggests BHE may be overbought. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for BHE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.5 | NEGATIVE | The low ADX value for BHE suggests a weak or negative trend. |
49.49
-0.04 (-0.08%)
BENCHMARK ELECTRONICS INC / BHE FAQ
What is the technical rating for BHE stock?
ChartMill assigns a technical rating of 8 / 10 to BHE.
What is the trend direction for BHE stock?
The current trend direction for BENCHMARK ELECTRONICS INC (BHE) is Bullish.
What is the RSI signal for BENCHMARK ELECTRONICS INC (BHE) stock?
BENCHMARK ELECTRONICS INC (BHE) has an RSI value of 70.3868. This indicates that the stock is currently overbought.
What is the buy/sell signal for BHE stock?
The buy/sell signal for BENCHMARK ELECTRONICS INC (BHE) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for BENCHMARK ELECTRONICS INC?
BENCHMARK ELECTRONICS INC (BHE) has a support level at 45.33 and a resistance level at 49.5. Check the full technical report for our detailed analysis of BHE support and resistance levels.