BJ Technical Analysis - BJ'S WHOLESALE CLUB HOLDINGS

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to BJ. BJ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, BJ is a bad performer in the overall market: 69% of all stocks are doing better.

BJ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month BJ has a been trading in the 88.03 - 100.50 range, which is quite wide. It is currently trading near the lows of this range.

BJ has an average volume of 2421790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

BJ is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 44% of 39 stocks in the same industry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

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.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

87.70

108.04

We found 2 important support areas.

A support zone ranging from 90.08 to 90.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @88.59 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 97.66 to 99.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @102.57 from a trend line in the daily time frame.
Resistance @106.97 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	31.58	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)	46.03	NEUTRAL	The RSI value for BJ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests BJ has a positive trend.
Stochastics (14,3)	27.79	NEUTRAL	The Stochastics value for BJ is a neutral value.
Average True Range in percent/ATR (20)	2.57	MEDIUM VOLATILITY	The ATR as a percentage value for BJ suggests some volalility.
Average Directional Index/ADX (14)	30.72	POSITIVE	The high ADX value value for BJ suggests a strong trend.