TOPBUILD CORP (BLD) Stock Technical Analysis
NYSE:BLD • US89055F1030
Overall BLD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BLD is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that BLD is one of the better performing stocks in the market, outperforming 90% of all stocks.
- BLD is part of the Household Durables industry. There are 60 other stocks in this industry. BLD outperforms 91% of them.
- BLD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BLD is lagging the market slightly.
- In the last month BLD has a been trading in the 461.00 - 559.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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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401.57
When analyzing the support we can see 4 important areas.
- Support @493.17 from a trend line in the daily time frame.
- A support zone ranging from 464.11 to 471.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @448.46 from a trend line in the daily time frame.
- Support @405.63 from a horizontal line in the daily time frame.
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 | 90.51 | POSITIVE | BLD has a high relative strength, it outperformed 90.51% 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) | 56.41 | NEUTRAL | The RSI value for BLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests BLD has a negative trend. |
| Stochastics (14,3) | 64.86 | NEUTRAL | The Stochastics value for BLD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for BLD suggests some volalility. |
| Average Directional Index/ADX (14) | 31.5 | POSITIVE | The high ADX value value for BLD suggests a strong trend. |
518.92
-3.66 (-0.7%)
TOPBUILD CORP / BLD FAQ
What is the technical rating for BLD stock?
ChartMill assigns a technical rating of 10 / 10 to BLD.
What is the current trend direction of TOPBUILD CORP (BLD) stock?
The current trend direction for TOPBUILD CORP (BLD) is Bullish.
What is the RSI signal for BLD stock?
TOPBUILD CORP (BLD) has an RSI value of 56.4139. This indicates that the stock is currently neutral.
What is the short term momentum for BLD stock?
The short term momentum for TOPBUILD CORP (BLD) is positive.
What is the buy/sell signal for TOPBUILD CORP (BLD) stock?
The buy/sell signal for TOPBUILD CORP (BLD) is buy as both the short term and long term trends are positive.