BLD Technical Analysis - TOPBUILD CORP

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to BLD. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BLD is only an average performer.

The long and short term trends are both positive. This is looking good!

BLD is part of the Household Durables industry. There are 63 other stocks in this industry. BLD outperforms 82% of them.

BLD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month BLD has a been trading in the 386.50 - 445.94 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that BLD is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

BLD has an excellent technical rating, but the quality of the setup is only medium 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

383.43

447.75

We found 3 important support areas.

Support @432.17 from a trend line in the weekly time frame.
A support zone ranging from 404.39 to 421.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 387.30 to 393.80. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

Resistance @435.40 from a horizontal line in the weekly time frame.
A resistance zone ranging from 443.31 to 443.32. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 BLD is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BLD is up.
ChartMill Relative Strength	76.31	POSITIVE	BLD has a high relative strength, it outperformed 76.31% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BLD is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BLD is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BLD is above the rising SMA(200).
Relative Strength Index/RSI (14)	61.1	NEUTRAL	The RSI value for BLD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	4.55	POSITIVE	The MACD value suggests BLD has a positive trend, although the MACD value is declining.
Stochastics (14,3)	89.1	OVERBOUGHT	The high Stochastics value suggests BLD may be overbought.
Average True Range in percent/ATR (20)	2.72	MEDIUM VOLATILITY	The ATR as a percentage value for BLD suggests some volalility.
Average Directional Index/ADX (14)	27.36	POSITIVE	The high ADX value value for BLD suggests a strong trend.