BJ'S WHOLESALE CLUB HOLDINGS (BJ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BJ - US05550J1016 - Common Stock
We assign a technical rating of 4 out of 10 to BJ. In the past year, BJ was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, BJ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 94.57. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
87.09
When analyzing the support we can see 2 important areas.
- Support @90.35 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 94.57 to 95.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @98.60 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for BJ is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BJ is up. |
| ChartMill Relative Strength | 47.85 | 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) | 56.19 | NEUTRAL | The RSI value for BJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests BJ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.61 | NEUTRAL | The Stochastics value for BJ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for BJ suggests some volalility. |
| Average Directional Index/ADX (14) | 13.49 | NEGATIVE | The low ADX value for BJ suggests a weak or negative trend. |
94.48
+0.91 (+0.97%)
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 4 / 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 56.1916. 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 0.31423, 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 90.35 and a resistance level at 94.57. Check the full technical report for our detailed analysis of BJ support and resistance levels.