BLACK HILLS CORP (BKH) Stock Technical Analysis
NYSE:BKH - US0921131092 - Common Stock
59.74 USD
-0.58 (-0.96%)
59.74 USD
0 (0%)
Taking everything into account, BKH scores 8 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.
BKH is part of the Multi-Utilities industry. There are 25 other stocks in this industry, of which 66% are performing better than BKH.
Both the short term and long term trends are positive. This is a very positive sign.
BKH is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, BKH outperforms 40% of them, which is more or less in line with the market.
BKH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BKH is lagging the market.
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 support zone below the current price at 58.97, a Stop Loss order could be placed below this zone.
More info and screens
55.09
62.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 56.64 to 58.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.65 to 55.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 59.78 to 60.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 61.35 to 61.86. This zone is formed by a combination of multiple trend lines 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 | 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 | 40.63 | NEUTRAL | BKH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BKH is below 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) | 51.25 | NEUTRAL | The RSI value for BKH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests BKH has a negative trend. |
| Stochastics (14,3) | 16.67 | OVERSOLD | The low Stochastics value suggests BKH may be oversold. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for BKH suggests low volalility. |
| Average Directional Index/ADX (14) | 25.47 | POSITIVE | The high ADX value value for BKH suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 60.38 | 59.49 | 0.89 (1.47%) | 25.00% |
| An entry @60.38. This is a Buy Stop order right above the resistance zone. | An exit @59.49. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.89 points, which is 1.47%. | For a 0.37% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
59.74
-0.58 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.96%
1 Week0.03%
2 Weeks-3.04%
1 Month3.39%
3 Month2.17%
6 Month-2.35%
12 Month1.05%
2 Year8.62%
3 Year-20.85%
5 Year6.53%
10 Year50.18%
15 Year96.32%
Volatility
ATR(14)1.04
ATR(20)%1.66%
ATR Inc-25.91%
Range Today0.75
ADR(20)0.95
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.63
Mansfield-0.88
10 Day High62.14
10 Day Low59.5
20 Day High62.14
20 Day Low57.7
52 Week High65.59
52 Week Low54.92
CS1 End58.97
CR1 Start59.78
Volume & EV
DER(3)0.63%
DER(5)0.37%
Volume526.55K
Volume Incr-30.88%
Vol(5)568.24K
Vol(50)710.59K