BUILDERS FIRSTSOURCE INC (BLDR) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BLDR • US12008R1077
We assign a technical rating of 5 out of 10 to BLDR. Recently some decent action could be observed, but in the medium term time frame this is still negative. BLDR was also a bad performer in the overall market in the last year.
- 71% of all other stocks performed better in the past year than BLDR.
- BLDR is one of the lesser performing stocks in the Building Products industry. 70% of 42 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- BLDR has an average volume of 1925460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BLDR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLDR is lagging the market.
- In the last month BLDR has a been trading in the 111.19 - 131.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BLDR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 125.62. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
111.98
We found 2 important support areas.
- A support zone ranging from 121.80 to 123.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 113.11 to 114.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 125.62 to 129.54. 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 | NEUTRAL | NEUTRAL | The long term trend for BLDR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLDR is up. |
| ChartMill Relative Strength | 29.22 | NEGATIVE | BLDR has a low relative strength, it was outperformed by 70.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLDR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLDR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLDR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.96 | NEUTRAL | The RSI value for BLDR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests BLDR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.89 | NEUTRAL | The Stochastics value for BLDR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for BLDR suggests some volalility. |
| Average Directional Index/ADX (14) | 23.84 | NEUTRAL | The ADX value for BLDR suggests a possible start of a new trend. |
124.42
+4.36 (+3.63%)
BUILDERS FIRSTSOURCE INC / BLDR FAQ
Can you provide the ChartMill technical rating for BUILDERS FIRSTSOURCE INC?
ChartMill assigns a technical rating of 5 / 10 to BLDR.
What is the current trend direction of BUILDERS FIRSTSOURCE INC (BLDR) stock?
The current trend direction for BUILDERS FIRSTSOURCE INC (BLDR) is Bearish.
Can you provide the RSI signal for BUILDERS FIRSTSOURCE INC?
BUILDERS FIRSTSOURCE INC (BLDR) has an RSI value of 58.9562. This indicates that the stock is currently neutral.
What is the MACD signal for BLDR stock?
The MACD indicator for BUILDERS FIRSTSOURCE INC (BLDR) has a value of -0.221281, indicating a bearish trend.
Can you provide the short term momentum for BUILDERS FIRSTSOURCE INC?
The short term momentum for BUILDERS FIRSTSOURCE INC (BLDR) is positive.