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.
BHE has an excellent technical rating, but the quality of the setup is only medium 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.
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34.75
When analyzing the support we can see 7 important areas.
- A support zone ranging from 45.31 to 45.35. 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 42.14 to 43.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.27 from a horizontal line in the daily time frame.
- Support @37.31 from a trend line in the daily time frame.
- Support @36.56 from a trend line in the weekly time frame.
- Support @35.83 from a horizontal line in the daily time frame.
- Support @35.10 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @47.67 from a horizontal line in the weekly time frame.
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 | 73.82 | POSITIVE | BHE has a high relative strength, it outperformed 73.82% off all stocks 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) | 63.31 | NEUTRAL | The RSI value for BHE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests BHE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.79 | OVERBOUGHT | The high Stochastics value suggests BHE may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for BHE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.74 | POSITIVE | The high ADX value value for BHE suggests a strong trend. |
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 |
|---|---|---|---|
| 47.68 | 45.30 | 2.38 (4.99%) | 20.03% |
| An entry @47.68. This is a Buy Stop order right above the resistance zone. | An exit @45.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.38 points, which is 4.99%. | When investing 20.03% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
47.66
-1.5 (-3.05%)
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 current trend direction of BENCHMARK ELECTRONICS INC (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 63.31. This indicates that the stock is currently neutral.
What is the MACD signal for BHE stock?
The MACD indicator for BENCHMARK ELECTRONICS INC (BHE) has a value of 0.260989, indicating a bearish trend.
Can you provide the buy/sell signal for BENCHMARK ELECTRONICS INC?
The buy/sell signal for BENCHMARK ELECTRONICS INC (BHE) is buy as both the short term and long term trends are positive.