BENCHMARK ELECTRONICS INC (BHE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BHE - US08160H1014 - Common Stock
We assign a technical rating of 7 out of 10 to BHE. 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.
Although BHE has an excellent technical rating, the quality of the presented setup is not ideal 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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34.89
We found 6 important support areas.
- A support zone ranging from 43.64 to 44.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.14 from a horizontal line in the daily time frame.
- Support @38.27 from a horizontal line in the daily time frame.
- A support zone ranging from 37.32 to 37.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.83 from a horizontal line in the daily time frame.
- Support @35.24 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 | NEUTRAL | NEUTRAL | The short term trend for BHE is neutral. |
| ChartMill Relative Strength | 60.03 | NEUTRAL | BHE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BHE is below 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) | 46.36 | NEUTRAL | The RSI value for BHE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests BHE has a negative trend. |
| Stochastics (14,3) | 10.63 | OVERSOLD | The low Stochastics value suggests BHE may be oversold. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for BHE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.37 | NEUTRAL | The ADX value for BHE suggests a possible start of a new trend. |
44.6
+0.08 (+0.18%)
BENCHMARK ELECTRONICS INC / BHE FAQ
What is the technical rating for BHE stock?
ChartMill assigns a technical rating of 7 / 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 46.355. 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 -0.476228, indicating a bearish trend.