BJ Technical Analysis - BJ'S WHOLESALE CLUB HOLDINGS

Technical Rating and Analysis

Overall BJ gets a technical rating of 1 out of 10. BJ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

BJ is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

BJ has an average volume of 2106810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, BJ turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.

BJ is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 43% of 40 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BJ'S WHOLESALE CLUB HOLDINGS / BJ Weekly stock chart

BJ'S WHOLESALE CLUB HOLDINGS / BJ Daily stock chart

Setup Rating and Analysis

The technical rating of BJ is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

94.26

111.08

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 95.32 to 98.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @105.08 from a trend line in the daily time frame.
Resistance @106.97 from a horizontal line in the daily time frame.
A resistance zone ranging from 109.98 to 109.98. 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 BJ is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BJ is down.
ChartMill Relative Strength	44.33	NEUTRAL	BJ is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BJ is below a declining 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)	36.91	NEUTRAL	The RSI value for BJ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.28	POSITIVE	The MACD value suggests BJ has a positive trend, although the MACD value is declining.
Stochastics (14,3)	45.83	NEUTRAL	The Stochastics value for BJ is a neutral value.
Average True Range in percent/ATR (20)	2.32	MEDIUM VOLATILITY	The ATR as a percentage value for BJ suggests some volalility.
Average Directional Index/ADX (14)	16.46	NEGATIVE	The low ADX value for BJ suggests a weak or negative trend.