BLUECITY HOLDINGS LTD-ADR (BLCT) Stock Technical Analysis
NASDAQ:BLCT • US09610L1061
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.
- 83% of all other stocks performed better in the past year than BLCT.
- 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 long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- BLCT is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, BLCT did better than 58% of them.
- 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
We found 5 important support areas.
- 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.
We found 1 important resistance 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. |
1.54
0 (0%)
BLUECITY HOLDINGS LTD-ADR / BLCT FAQ
What is the technical rating for BLCT stock?
ChartMill assigns a technical rating of 5 / 10 to BLCT.
What is the trend direction for BLCT stock?
The current trend direction for BLUECITY HOLDINGS LTD-ADR (BLCT) is Bearish.
Can you provide the RSI signal for BLUECITY HOLDINGS LTD-ADR?
BLUECITY HOLDINGS LTD-ADR (BLCT) has an RSI value of 65.5731. This indicates that the stock is currently neutral.
What is the short term momentum for BLCT stock?
The short term momentum for BLUECITY HOLDINGS LTD-ADR (BLCT) is positive.
Can you provide the support and resistance levels for BLUECITY HOLDINGS LTD-ADR?
BLUECITY HOLDINGS LTD-ADR (BLCT) has a support level at 1.51 and a resistance level at 1.55. Check the full technical report for our detailed analysis of BLCT support and resistance levels.