BLUECITY HOLDINGS LTD-ADR (BLCT) Stock Technical Analysis
NASDAQ:BLCT - US09610L1061 - ADR
1.54 USD
0 (0%)
1.54 USD
0 (0%)
Overall BLCT gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BLCT was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, BLCT is a bad performer in the overall market: 83% of all stocks are doing better.
BLCT is one of the lesser performing stocks in the Interactive Media & Services industry. 63% of 69 stocks in the same industry do better.
BLCT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month BLCT has a been trading in the 1.45 - 1.57 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Volume is considerably higher in the last couple of days.
BLCT 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.
More info and screens
1.26
1.57
5 important support areas can be observed.
- A support zone ranging from 1.50 to 1.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.45 to 1.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.42 from a trend line in the daily time frame.
- Support @1.33 from a trend line in the weekly time frame.
- Support @1.27 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.55 to 1.55. 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 | DOWN | NEGATIVE | The long term trend for BLCT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLCT is up. |
| ChartMill Relative Strength | 17.43 | NEGATIVE | BLCT has a low relative strength, it was outperformed by 82.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLCT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLCT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.57 | NEUTRAL | The RSI value for BLCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BLCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.06 | NEUTRAL | The Stochastics value for BLCT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for BLCT suggests low volalility. |
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)
1.54
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0%
1 Week2.67%
2 Weeks1.99%
1 Month4.05%
3 Month22.22%
6 Month1.99%
12 Month-70.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%1.83%
ATR Inc87.85%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.43
Mansfield-1.63
10 Day High1.57
10 Day Low1.48
20 Day High1.57
20 Day Low1.45
52 Week High5.25
52 Week Low1.08
CS1 End1.51
CR1 Start1.55
Volume & EV
DER(3)5.45%
DER(5)3.57%
Volume167.00K
Volume Incr281.37%
Vol(5)280.00K
Vol(50)108.04K