BUCKLE INC/THE (BKE) Stock Technical Analysis
NYSE:BKE • US1184401065
Taking everything into account, BKE scores 3 out of 10 in our technical rating. BKE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- BKE is one of the better performing stocks in the Specialty Retail industry, it outperforms 71% of 123 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.
- In the last month BKE has a been trading in the 46.59 - 54.82 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that BKE is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Considerably lower volume is observed in the last couple of days.
BKE has a bad 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 a resistance zone just above the current price starting at 53.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.40, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
35.15
When analyzing the support we can see 4 important areas.
- A support zone ranging from 53.25 to 53.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.54 from a trend line in the weekly time frame.
- A support zone ranging from 47.17 to 47.74. 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.
We found 1 important resistance area.
- Resistance @53.92 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 BKE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BKE is neutral. |
| ChartMill Relative Strength | 72.37 | POSITIVE | BKE has a high relative strength, it outperformed 72.37% off all stocks 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) | 57.09 | NEUTRAL | The RSI value for BKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests BKE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.75 | 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) | 15.68 | NEGATIVE | The low ADX value for BKE suggests a weak or negative trend. |
53.87
+0.27 (+0.5%)
BUCKLE INC/THE / BKE FAQ
What is the ChartMill technical rating of BUCKLE INC/THE (BKE) stock?
ChartMill assigns a technical rating of 3 / 10 to BKE.
What is the current trend direction of BUCKLE INC/THE (BKE) stock?
The current trend direction for BUCKLE INC/THE (BKE) is Bearish.
Can you provide the RSI signal for BUCKLE INC/THE?
BUCKLE INC/THE (BKE) has an RSI value of 57.092. This indicates that the stock is currently neutral.
What is the MACD signal for BKE stock?
The MACD indicator for BUCKLE INC/THE (BKE) has a value of 0.362511, indicating a bearish trend.
What is the short term momentum for BUCKLE INC/THE (BKE) stock?
The short term momentum for BUCKLE INC/THE (BKE) is neutral.