BJ'S WHOLESALE CLUB HOLDINGS (BJ) Stock Technical Analysis
USA - NYSE:BJ - US05550J1016 - Common Stock
We assign a technical rating of 1 out of 10 to BJ. BJ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, BJ does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 88.26, a Stop Loss order could be placed below this zone.
More info and screens
87.38
When analyzing the support we notice one important area.
- A support zone ranging from 88.26 to 88.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 91.40 to 91.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 94.19 to 94.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @96.57 from a trend line in the daily time frame.
- Resistance @106.97 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for BJ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BJ is down. |
| ChartMill Relative Strength | 24.17 | NEGATIVE | BJ has a low relative strength, it was outperformed by 75.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BJ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BJ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BJ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.53 | NEUTRAL | The RSI value for BJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests BJ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.06 | NEUTRAL | The Stochastics value for BJ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for BJ suggests some volalility. |
| Average Directional Index/ADX (14) | 23.18 | NEUTRAL | The ADX value for BJ suggests a possible start of a new trend. |
90.93
+0.74 (+0.82%)
BJ'S WHOLESALE CLUB HOLDINGS / BJ FAQ
Can you provide the ChartMill technical rating for BJ'S WHOLESALE CLUB HOLDINGS?
ChartMill assigns a technical rating of 1 / 10 to BJ.
Can you provide the trend direction for BJ'S WHOLESALE CLUB HOLDINGS?
The current trend direction for BJ'S WHOLESALE CLUB HOLDINGS (BJ) is Bearish.
What is the RSI signal for BJ stock?
BJ'S WHOLESALE CLUB HOLDINGS (BJ) has an RSI value of 42.5338. This indicates that the stock is currently neutral.
What is the MACD signal for BJ stock?
The MACD indicator for BJ'S WHOLESALE CLUB HOLDINGS (BJ) has a value of -0.137634, indicating a bearish trend.
What are the support and resistance levels for BJ'S WHOLESALE CLUB HOLDINGS (BJ) stock?
BJ'S WHOLESALE CLUB HOLDINGS (BJ) has a support level at 88.26 and a resistance level at 91.4. Check the full technical report for our detailed analysis of BJ support and resistance levels.