BJ'S WHOLESALE CLUB HOLDINGS (BJ) Stock Technical Analysis
NYSE:BJ - New York Stock Exchange, Inc. - US05550J1016 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to BJ. In the last year, BJ was one of the better performers, but we do observe some doubts in the very recent evolution.
When comparing the yearly performance of all stocks, we notice that BJ is one of the better performing stocks in the market, outperforming 88% of all stocks.
BJ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BJ is performing more or less in line with the market.
BJ has an average volume of 2074200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
BJ is part of the Consumer Staples Distribution & Retail industry. There are 41 other stocks in this industry, BJ did better than 70% of them.
In the last month BJ has a been trading in the 106.41 - 120.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BJ has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
91.01
121.14
When analyzing the support we can see 4 important areas.
- Support @110.56 from a trend line in the daily time frame.
- A support zone ranging from 107.85 to 108.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 101.62 to 101.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @91.93 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 114.65 to 115.50. 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 118.45 to 119.94. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for BJ is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BJ is down. |
| ChartMill Relative Strength | 88.35 | POSITIVE | BJ has a high relative strength, it outperformed 88.35% off all stocks 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) | UP | MIXED | The current price of BJ is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.22 | NEUTRAL | The RSI value for BJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests BJ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.58 | NEUTRAL | The Stochastics value for BJ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for BJ suggests some volalility. |
| Average Directional Index/ADX (14) | 13.04 | NEGATIVE | The low ADX value for BJ 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 115.51 | 110.55 | 4.96 (4.29%) | 23.29% |
| An entry @115.51. This is a Buy Stop order right above the resistance zone. | An exit @110.55. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.96 points, which is 4.29%. | For a 1.00% total portfolio risk, you can invest 23.29% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BJ. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
113.21
+2.17 (+1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg1.95%
1 Week-2.38%
2 Weeks1.63%
1 Month-3.45%
3 Month11.8%
6 Month17.56%
12 Month28.55%
2 Year80.7%
3 Year95.63%
5 Year214.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.62
ATR(20)%2.85%
ATR Inc-19.76%
Range Today2.72
ADR(20)3.17
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.35
Mansfield1.37
10 Day High120.08
10 Day Low109.75
20 Day High120.33
20 Day Low106.41
52 Week High121.1
52 Week Low76.33
CS1 End110.56
CR1 Start114.65
Volume & EV
DER(3)-1.92%
DER(5)-0.55%
Volume2.02M
Volume Incr-13.58%
Vol(5)1.66M
Vol(50)2.07M