BHE Technical Analysis - BENCHMARK ELECTRONICS INC

Technical Rating and Analysis

Taking everything into account, BHE scores 1 out of 10 in our technical rating. BHE's overall performance in the market is below average. Also 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.

When comparing the yearly performance of all stocks, BHE is a bad performer in the overall market: 80% of all stocks are doing better.

BHE is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 73% of 124 stocks in the same industry do better.

BHE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BHE is lagging the market.

In the last month BHE has a been trading in the 35.91 - 41.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BENCHMARK ELECTRONICS INC / BHE Weekly stock chart

BENCHMARK ELECTRONICS INC / BHE Daily stock chart

Setup Rating and Analysis

BHE has a poor technical rating and the quality of the setup is also 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

34.21

41.88

3 important support areas can be observed.

A support zone ranging from 37.49 to 37.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @35.70 from a trend line in the weekly time frame.
Support @34.56 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 39.88 to 41.47. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 BHE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BHE is down.
ChartMill Relative Strength	20	NEGATIVE	BHE has a low relative strength, it was outperformed by 80% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of BHE is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of BHE is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of BHE is above a declining SMA(200).
Relative Strength Index/RSI (14)	45.95	NEUTRAL	The RSI value for BHE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.14	NEGATIVE	The MACD value suggests BHE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	26.81	NEUTRAL	The Stochastics value for BHE is a neutral value.
Average True Range in percent/ATR (20)	2.99	MEDIUM VOLATILITY	The ATR as a percentage value for BHE suggests some volalility.
Average Directional Index/ADX (14)	14.81	NEGATIVE	The low ADX value for BHE suggests a weak or negative trend.