BENCHMARK ELECTRONICS INC (BHE) Technical Analysis
NYSE:BHE • US08160H1014
Current stock price
BHE Technical Rating and Analysis
Taking everything into account, BHE scores 9 out of 10 in our technical rating. In the last year, BHE was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that BHE is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by BHE over the past year are nicely spread over this period.
- BHE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BHE is performing more or less in line with the market.
- BHE is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 68% of 124 stocks in the same industry.
- In the last month BHE has a been trading in the 50.75 - 61.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
BHE Weekly and Daily overview Charts
BHE Setup Rating and Analysis
BHE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 54.19, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
BHE Support and Resistance Analysis
37.98
When analyzing the support we can see 5 important areas.
- A support zone ranging from 53.93 to 54.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 52.74 to 52.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.17 from a trend line in the weekly time frame.
- Support @49.19 from a trend line in the daily time frame.
- A support zone ranging from 38.36 to 38.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @60.37 from a horizontal line in the daily time frame.
BHE 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 BHE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BHE is neutral. |
| ChartMill Relative Strength | 88.41 | POSITIVE | BHE has a high relative strength, it outperformed 88.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BHE is below a declining 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) | 53.88 | NEUTRAL | The RSI value for BHE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests BHE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.28 | NEUTRAL | The Stochastics value for BHE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for BHE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.63 | NEUTRAL | The ADX value for BHE suggests a possible start of a new trend. |
BHE Chart- and CandleStick Pattern Analysis
BHE 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 |
|---|---|---|---|
| 60.38 | 53.92 | 6.46 (10.70%) | 9.35% |
| An entry @60.38. This is a Buy Stop order right above the resistance zone. | An exit @53.92. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.46 points, which is 10.70%. | For a 1.00% total portfolio risk, you can invest 9.35% of your capital in this trade. |
- 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.
BHE Technicals: Chart, Performance Metrics, Trend & Indicators
56.05
+1.63 (+3%)
BENCHMARK ELECTRONICS INC / BHE TA FAQ
What is the technical rating for BHE stock?
ChartMill assigns a technical rating of 9 / 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 53.8812. This indicates that the stock is currently neutral.
What is the support and resistance level for BHE stock?
BENCHMARK ELECTRONICS INC (BHE) has a support level at 54.19 and a resistance level at 60.37. Check the full technical report for our detailed analysis of BHE support and resistance levels.