BLUE BIRD CORP (BLBD) Stock Technical Analysis
NASDAQ:BLBD - Nasdaq - US0953061068 - Common Stock - Currency: USD
Taking everything into account, BLBD scores 7 out of 10 in our technical rating. Although BLBD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When compared to the yearly performance of all other stocks, BLBD outperforms 51% of them, which is more or less in line with the market.
BLBD is an average performer in the Machinery industry, it outperforms 42% of 127 stocks in the same industry.
BLBD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLBD is lagging the market.
In the last month BLBD has a been trading in the 41.51 - 46.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BLBD 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 support zone below the current price at 42.85, a Stop Loss order could be placed below this zone.
More info and screens
34.90
46.14
2 important support areas can be observed.
- A support zone ranging from 42.66 to 42.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.25 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.61 to 45.68. 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 BLBD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLBD is neutral. |
| ChartMill Relative Strength | 51.23 | NEUTRAL | BLBD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BLBD is below the rising 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) | DOWN | MIXED | The current price of BLBD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.57 | NEUTRAL | The RSI value for BLBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests BLBD has a negative trend. |
| Stochastics (14,3) | 14.7 | OVERSOLD | The low Stochastics value suggests BLBD may be oversold. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for BLBD suggests some volalility. |
| Average Directional Index/ADX (14) | 36.35 | POSITIVE | The high ADX value value for BLBD 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 |
|---|---|---|---|
| 44.32 | 42.65 | 1.67 (3.77%) | 25.00% |
| An entry @44.32. This is a Buy Stop order right above the 10 day moving average. | An exit @42.65. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.67 points, which is 3.77%. | For a 0.94% 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 BLBD. 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.
42.86
+0.04 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.09%
1 Week-5.78%
2 Weeks-5.7%
1 Month2.51%
3 Month27.14%
6 Month4.64%
12 Month-12.66%
2 Year104.68%
3 Year284.05%
5 Year242.06%
10 Year226.93%
15 YearN/A
Volatility
ATR(14)1.36
ATR(20)%2.91%
ATR Inc-31.2%
Range Today0.76
ADR(20)1.24
ADR(20)%2.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.23
Mansfield-0.42
10 Day High46.29
10 Day Low42.19
20 Day High46.29
20 Day Low41.51
52 Week High55.6
52 Week Low30.04
CS1 End42.85
CR1 Start45.61
Volume & EV
DER(3)-3.45%
DER(5)-2.53%
Volume463.90K
Volume Incr-6.25%
Vol(5)371.98K
Vol(50)403.01K