BLACK HILLS CORP (BKH) Stock Technical Analysis
NYSE:BKH • US0921131092
Taking everything into account, BKH scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BKH is only an average performer.
- The long and short term trends are both positive. This is looking good!
- BKH is part of the Multi-Utilities industry. There are 26 other stocks in this industry. BKH outperforms 76% of them.
- BKH 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 BKH is lagging the market slightly.
- In the last month BKH has a been trading in the 70.43 - 75.87 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- BKH has an average volume of 1016380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, BKH turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
BKH has an excellent technical rating and also presents 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 74.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.79, a Stop Loss order could be placed below this zone.
More info and screens
55.18
When analyzing the support we can see 7 important areas.
- A support zone ranging from 73.17 to 73.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 71.54 to 71.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @69.54 from a horizontal line in the daily time frame.
- A support zone ranging from 67.50 to 67.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.24 from a trend line in the daily time frame.
- Support @63.63 from a trend line in the weekly time frame.
- Support @55.74 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 74.05 to 74.44. 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 BKH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKH is up. |
| ChartMill Relative Strength | 64.53 | NEUTRAL | BKH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BKH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BKH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.56 | NEUTRAL | The RSI value for BKH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BKH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.31 | NEUTRAL | The Stochastics value for BKH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for BKH suggests some volalility. |
| Average Directional Index/ADX (14) | 17.12 | NEGATIVE | The low ADX value for BKH 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 |
|---|---|---|---|
| 74.45 | 73.16 | 1.29 (1.73%) | 25.00% |
| An entry @74.45. This is a Buy Stop order right above the resistance zone. | An exit @73.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.29 points, which is 1.73%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.43%. |
- The distance between exit and entry is rather small compared to the average daily movement of BKH. Please evaluate whether better entry and exit points can be found.
- 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.
73.83
+0.41 (+0.56%)
BLACK HILLS CORP / BKH FAQ
What is the technical rating for BKH stock?
ChartMill assigns a technical rating of 7 / 10 to BKH.
What is the current trend direction of BLACK HILLS CORP (BKH) stock?
The current trend direction for BLACK HILLS CORP (BKH) is Bullish.
Can you provide the RSI signal for BLACK HILLS CORP?
BLACK HILLS CORP (BKH) has an RSI value of 56.5587. This indicates that the stock is currently neutral.
What is the buy/sell signal for BLACK HILLS CORP (BKH) stock?
The buy/sell signal for BLACK HILLS CORP (BKH) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for BLACK HILLS CORP?
BLACK HILLS CORP (BKH) has a support level at 73.79 and a resistance level at 74.05. Check the full technical report for our detailed analysis of BKH support and resistance levels.