BJ'S WHOLESALE CLUB HOLDINGS (BJ) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BJ • US05550J1016
Overall BJ gets a technical rating of 7 out of 10. In the last year, BJ was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month BJ has a been trading in the 88.94 - 101.15 range, which is quite wide. It is currently trading near the high of this range.
- BJ has an average volume of 1942160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, BJ outperforms 48% of them, which is more or less in line with the market.
- BJ is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 43% of 38 stocks in the same industry.
- BJ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BJ is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BJ has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
87.09
4 important support areas can be observed.
- Support @99.75 from a horizontal line in the daily time frame.
- A support zone ranging from 92.96 to 95.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @90.80 from a trend line in the weekly time frame.
- A support zone ranging from 87.97 to 88.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 100.41 to 100.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @107.85 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 | NEUTRAL | NEUTRAL | The long term trend for BJ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BJ is up. |
| ChartMill Relative Strength | 48.48 | NEUTRAL | BJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BJ is above the rising 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) | 63.72 | NEUTRAL | The RSI value for BJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests BJ has a positive trend. |
| Stochastics (14,3) | 91.04 | OVERBOUGHT | The high Stochastics value suggests BJ may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for BJ suggests some volalility. |
| Average Directional Index/ADX (14) | 16.43 | NEGATIVE | The low ADX value for BJ suggests a weak or negative trend. |
100.4
+1.12 (+1.13%)
BJ'S WHOLESALE CLUB HOLDINGS / BJ FAQ
What is the ChartMill technical rating of BJ'S WHOLESALE CLUB HOLDINGS (BJ) stock?
ChartMill assigns a technical rating of 7 / 10 to BJ.
What is the current trend direction of BJ'S WHOLESALE CLUB HOLDINGS (BJ) stock?
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 63.7198. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BJ'S WHOLESALE CLUB HOLDINGS?
The MACD indicator for BJ'S WHOLESALE CLUB HOLDINGS (BJ) has a value of 0.610574, indicating a bearish trend.
Can you provide the short term momentum for BJ'S WHOLESALE CLUB HOLDINGS?
The short term momentum for BJ'S WHOLESALE CLUB HOLDINGS (BJ) is positive.