BLC Technical Analysis - BASTIDE LE CONFORT MEDICAL

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to BLC. BLC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

78% of all other stocks performed better in the past year than BLC.

In the last month BLC has a been trading in the 23.65 - 29.25 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Warning: BLC has an average volume of 6196 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

BLC is an average performer in the Health Care Providers & Services industry, it outperforms 40% of 28 stocks in the same industry.

BLC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLC is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BASTIDE LE CONFORT MEDICAL / BLC Weekly stock chart

BASTIDE LE CONFORT MEDICAL / BLC Daily stock chart

Setup Rating and Analysis

The technical rating of BLC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

22.64

27.76

We found 2 important support areas.

A support zone ranging from 23.99 to 23.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @22.87 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

Resistance @27.49 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	NEUTRAL	NEUTRAL	The long term trend for BLC.PA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BLC.PA is down.
ChartMill Relative Strength	22.68	NEGATIVE	BLC.PA has a low relative strength, it was outperformed by 77.32% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BLC.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BLC.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of BLC.PA is below the rising SMA(200).
Relative Strength Index/RSI (14)	27.56	OVERSOLD	The low RSI value suggests BLC.PA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.23	NEGATIVE	The MACD value suggests BLC.PA has a negative trend.
Stochastics (14,3)	15.55	OVERSOLD	The low Stochastics value suggests BLC.PA may be oversold.
Average True Range in percent/ATR (20)	3.24	MEDIUM VOLATILITY	The ATR as a percentage value for BLC.PA suggests some volalility.
Average Directional Index/ADX (14)	38.71	POSITIVE	The high ADX value value for BLC.PA suggests a strong trend.