BLBD Technical Analysis - BLUE BIRD CORP

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to BLBD. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

BLBD is one of the better performing stocks in the Machinery industry, it outperforms 80% of 129 stocks in the same industry.

BLBD 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 BLBD is lagging the market slightly.

When comparing the yearly performance of all stocks, we notice that BLBD is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.

In the last month BLBD has a been trading in the 52.73 - 61.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BLUE BIRD CORP / BLBD Weekly stock chart

Setup Rating and Analysis

BLBD has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

50.60

58.35

2 important support areas can be observed.

A support zone ranging from 53.08 to 54.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @51.11 from a trend line in the daily time frame.

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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 BLBD is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BLBD is neutral.
ChartMill Relative Strength	86.01	POSITIVE	BLBD has a high relative strength, it outperformed 86.01% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of BLBD is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BLBD is above the rising 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)	51.53	NEUTRAL	The RSI value for BLBD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.21	NEGATIVE	The MACD value suggests BLBD has a negative trend, although the MACD value is rising.
Stochastics (14,3)	36.95	NEUTRAL	The Stochastics value for BLBD is a neutral value.
Average True Range in percent/ATR (20)	3.09	MEDIUM VOLATILITY	The ATR as a percentage value for BLBD suggests some volalility.
Average Directional Index/ADX (14)	23.38	NEUTRAL	The ADX value for BLBD suggests a possible start of a new trend.