BENCHMARK ELECTRONICS INC (BHE) Stock Technical Analysis
USA - NYSE:BHE - US08160H1014 - Common Stock
40.13 USD
-0.66 (-1.62%)
40.131 USD
0 (0%)
We assign a technical rating of 3 out of 10 to BHE. In the last year, BHE was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, BHE is a bad performer in the overall market: 70% of all stocks are doing better.
BHE is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 66% are performing better than BHE.
In the last month BHE has a been trading in the 38.79 - 41.52 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, BHE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 40.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.80, 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
34.91
41.88
3 important support areas can be observed.
- A support zone ranging from 38.86 to 39.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.13 to 37.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.18 to 41.47. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for BHE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BHE is neutral. |
| ChartMill Relative Strength | 30.11 | 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) | DOWN | MIXED | The current price of BHE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BHE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.89 | NEUTRAL | The RSI value for BHE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BHE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.16 | NEUTRAL | The Stochastics value for BHE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for BHE suggests some volalility. |
| Average Directional Index/ADX (14) | 9.54 | NEGATIVE | The low ADX value for BHE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
40.13
-0.66 (-1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.62%
1 Week2.4%
2 Weeks-0.62%
1 Month4.51%
3 Month8.08%
6 Month0.07%
12 Month-8.75%
2 Year65.42%
3 Year61.95%
5 Year99.16%
10 Year84.42%
15 Year144.7%
Volatility
ATR(14)1.06
ATR(20)%2.57%
ATR Inc37.46%
Range Today1.05
ADR(20)0.96
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.11
Mansfield-1.3
10 Day High41.01
10 Day Low38.87
20 Day High41.52
20 Day Low38.79
52 Week High52.57
52 Week Low30.73
CS1 End39.8
CR1 Start40.18
Volume & EV
DER(3)2.19%
DER(5)2.91%
Volume1.97M
Volume Incr200.96%
Vol(5)601.04K
Vol(50)285.00K