BUCKLE INC/THE (BKE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BKE - US1184401065 - Common Stock
We assign a technical rating of 6 out of 10 to BKE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BKE is only an average performer.
BKE 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. There is very little resistance above the current price. There is a support zone below the current price at 56.91, a Stop Loss order could be placed below this zone.
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35.15
4 important support areas can be observed.
- A support zone ranging from 55.47 to 56.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.92 from a horizontal line in the daily time frame.
- A support zone ranging from 52.72 to 52.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.51 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @58.25 from a horizontal line in the daily time frame.
- 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.
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 | UP | POSITIVE | The short term trend for BKE is up. |
| ChartMill Relative Strength | 53.74 | NEUTRAL | BKE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BKE is above a declining 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) | 54.09 | NEUTRAL | The RSI value for BKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BKE has a positive trend. |
| Stochastics (14,3) | 73.88 | NEUTRAL | The Stochastics value for BKE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for BKE suggests some volalility. |
| Average Directional Index/ADX (14) | 10.79 | NEGATIVE | The low ADX value for BKE 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 |
|---|---|---|---|
| 58.26 | 55.59 | 2.67 (4.59%) | 21.78% |
| An entry @58.26. This is a Buy Stop order right above the resistance zone. | An exit @55.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.67 points, which is 4.59%. | For a 1.00% total portfolio risk, you can invest 21.78% 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.
57.05
+0.16 (+0.28%)
BUCKLE INC/THE / BKE FAQ
What is the ChartMill technical rating of BUCKLE INC/THE (BKE) stock?
ChartMill assigns a technical rating of 6 / 10 to BKE.
Can you provide the trend direction for BUCKLE INC/THE?
The current trend direction for BUCKLE INC/THE (BKE) is Bullish.
Can you provide the RSI signal for BUCKLE INC/THE?
BUCKLE INC/THE (BKE) has an RSI value of 54.0881. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BUCKLE INC/THE?
The short term momentum for BUCKLE INC/THE (BKE) is positive.
What is the buy/sell signal for BUCKLE INC/THE (BKE) stock?
The buy/sell signal for BUCKLE INC/THE (BKE) is buy as both the short term and long term trends are positive.