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 6 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.
- 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.
- 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 87.21 - 97.75 range, which is quite wide. It is currently trading near the high of this range.
- BJ has an average volume of 2078380 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 52% 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 48% of 38 stocks in the same industry.
BJ has an average technical rating and the quality of the presented setup is also not ideal 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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 92.30 to 94.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @90.44 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 97.46 to 98.60. 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 | 52.09 | 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) | 61.01 | NEUTRAL | The RSI value for BJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests BJ has a positive trend. |
| Stochastics (14,3) | 85.34 | OVERBOUGHT | The high Stochastics value suggests BJ may be overbought. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for BJ suggests some volalility. |
| Average Directional Index/ADX (14) | 15.84 | NEGATIVE | The low ADX value for BJ suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 98.61 | 92.29 | 6.32 (6.41%) | 15.60% |
| An entry @98.61. This is a Buy Stop order right above the resistance zone. | An exit @92.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.32 points, which is 6.41%. | For a 1.00% total portfolio risk, you can invest 15.60% of your capital in this trade. |
- 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.
97.45
+1.45 (+1.51%)
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 6 / 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 61.0062. 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 0.490527, 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.