BARNES & NOBLE INC (BKS) Technical Analysis
NYSE:BKS
Current stock price
BKS Technical Rating and Analysis
Taking everything into account, BKS scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, BKS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- BKS 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.
- BKS has an average volume of 2863840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, BKS did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- BKS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BKS is lagging the market slightly.
- In the last month BKS has a been trading in a tight range between 6.48 and 6.72.
BKS Weekly and Daily overview Charts
BKS Setup Rating and Analysis
BKS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 6.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.48, a Stop Loss order could be placed below this zone.
More info and screens
BKS Support and Resistance Analysis
6.42
We found 1 important support area.
- A support zone ranging from 6.48 to 6.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 6.53 to 6.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.81 from a horizontal line in the weekly time frame.
- Resistance @6.94 from a horizontal line in the daily time frame.
- Resistance @7.48 from a trend line in the weekly time frame.
BKS 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 BKS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BKS is up. |
| ChartMill Relative Strength | 90.48 | POSITIVE | BKS has a high relative strength, it outperformed 90.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BKS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BKS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BKS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.39 | NEUTRAL | The RSI value for BKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BKS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.61 | OVERSOLD | The low Stochastics value suggests BKS may be oversold. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for BKS suggests low volalility. |
BKS Chart- and CandleStick Pattern Analysis
BKS Example Setup
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 |
|---|---|---|---|
| 6.54 | 6.47 | 0.07 (1.01%) | 25.00% |
| An entry @6.54. This is a Buy Stop order right above the 10 day moving average. | An exit @6.47. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 1.01%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.25%. |
- The distance between exit and entry is rather small compared to the average daily movement of BKS. 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.
BKS Technicals: Chart, Performance Metrics, Trend & Indicators
6.49
-0.01 (-0.15%)
BARNES & NOBLE INC / BKS TA FAQ
What is the ChartMill technical rating of BARNES & NOBLE INC (BKS) stock?
ChartMill assigns a technical rating of 7 / 10 to BKS.
What is the trend direction for BKS stock?
The current trend direction for BARNES & NOBLE INC (BKS) is Bullish.
What is the RSI signal for BARNES & NOBLE INC (BKS) stock?
BARNES & NOBLE INC (BKS) has an RSI value of 48.3898. This indicates that the stock is currently neutral.
What is the MACD signal for BARNES & NOBLE INC (BKS) stock?
The MACD indicator for BARNES & NOBLE INC (BKS) has a value of -0.0355672, indicating a bearish trend.
What is the short term momentum for BARNES & NOBLE INC (BKS) stock?
The short term momentum for BARNES & NOBLE INC (BKS) is positive.