Taking everything into account, BLBD scores 2 out of 10 in our technical rating. BLBD 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.
Although the technical rating is bad, BLBD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 49.96, a Stop Loss order could be placed below this zone.
More info and screens
49.45
We found 1 important support area.
- A support zone ranging from 49.95 to 49.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 51.13 to 51.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @54.87 from a horizontal line in the daily time frame.
- Resistance @56.38 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 BLBD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLBD is neutral. |
| ChartMill Relative Strength | 63.14 | NEUTRAL | BLBD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLBD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLBD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLBD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.53 | NEUTRAL | The RSI value for BLBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BLBD has a negative trend. |
| Stochastics (14,3) | 35.67 | NEUTRAL | The Stochastics value for BLBD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for BLBD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.55 | NEUTRAL | The ADX value for BLBD suggests a possible start of a new trend. |
50.09
-0.65 (-1.28%)
BLUE BIRD CORP / BLBD FAQ
Can you provide the ChartMill technical rating for BLUE BIRD CORP?
ChartMill assigns a technical rating of 2 / 10 to BLBD.
What is the current trend direction of BLUE BIRD CORP (BLBD) stock?
The current trend direction for BLUE BIRD CORP (BLBD) is Bearish.
What is the RSI signal for BLBD stock?
BLUE BIRD CORP (BLBD) has an RSI value of 41.5282. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BLUE BIRD CORP?
BLUE BIRD CORP (BLBD) has a support level at 49.96 and a resistance level at 51.13. Check the full technical report for our detailed analysis of BLBD support and resistance levels.