BKE Technical Analysis - BUCKLE INC/THE

Technical Rating and Analysis

Taking everything into account, BKE scores 5 out of 10 in our technical rating. In the last year, BKE was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month BKE has a been trading in the 52.49 - 61.50 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

BKE is one of the better performing stocks in the Specialty Retail industry, it outperforms 73% of 120 stocks in the same industry.

BKE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BKE is lagging the market slightly.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

Looking at the yearly performance, BKE did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

BKE has an average technical rating and it also does not offer a high 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

52.19

62.21

When analyzing the support we notice one important area.

A support zone ranging from 52.72 to 52.72. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 60.70 to 61.59. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for BKE is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BKE is down.
ChartMill Relative Strength	80.08	POSITIVE	BKE has a high relative strength, it outperformed 80.08% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BKE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BKE is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BKE is above the rising SMA(200).
Relative Strength Index/RSI (14)	37.52	NEUTRAL	The RSI value for BKE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.81	NEGATIVE	The MACD value suggests BKE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	8.27	OVERSOLD	The low Stochastics value suggests BKE may be oversold.
Average True Range in percent/ATR (20)	2.54	MEDIUM VOLATILITY	The ATR as a percentage value for BKE suggests some volalility.
Average Directional Index/ADX (14)	29.7	POSITIVE	The high ADX value value for BKE suggests a strong trend.