BLUE FOUNDRY BANCORP (BLFY) Technical Analysis
NASDAQ:BLFY • US09549B1044
Current stock price
BLFY Technical Rating and Analysis
Taking everything into account, BLFY scores 7 out of 10 in our technical rating. In the last year, BLFY was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that BLFY is one of the better performing stocks in the market, outperforming 80% of all stocks.
- BLFY is part of the Banks industry. There are 376 other stocks in this industry. BLFY outperforms 87% of them.
- BLFY 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 BLFY is lagging the market slightly.
- In the last month BLFY has a been trading in the 12.28 - 13.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BLFY Weekly and Daily overview Charts
BLFY Setup Rating and Analysis
BLFY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 12.97, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BLFY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BLFY Support and Resistance Analysis
12.30
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.68 to 12.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.42 to 12.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.54 to 14.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
BLFY 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 BLFY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLFY is neutral. |
| ChartMill Relative Strength | 80.58 | POSITIVE | BLFY has a high relative strength, it outperformed 80.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BLFY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BLFY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLFY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.28 | NEUTRAL | The RSI value for BLFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BLFY has a positive trend. |
| Stochastics (14,3) | 66.6 | NEUTRAL | The Stochastics value for BLFY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for BLFY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.21 | NEUTRAL | The ADX value for BLFY suggests a possible start of a new trend. |
BLFY Chart- and CandleStick Pattern Analysis
BLFY Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.30 | 12.67 | 0.63 (4.74%) | 21.11% |
| An entry @13.30. This is a Buy Stop order right above the 10 day high. | An exit @12.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.63 points, which is 4.74%. | For a 1.00% total portfolio risk, you can invest 21.11% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BLFY Technicals: Chart, Performance Metrics, Trend & Indicators
13.24
+0.45 (+3.52%)
BLUE FOUNDRY BANCORP / BLFY TA FAQ
Can you provide the ChartMill technical rating for BLUE FOUNDRY BANCORP?
ChartMill assigns a technical rating of 7 / 10 to BLFY.
Can you provide the trend direction for BLUE FOUNDRY BANCORP?
The current trend direction for BLUE FOUNDRY BANCORP (BLFY) is Bullish.
What is the RSI signal for BLUE FOUNDRY BANCORP (BLFY) stock?
BLUE FOUNDRY BANCORP (BLFY) has an RSI value of 54.2806. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BLUE FOUNDRY BANCORP?
The short term momentum for BLUE FOUNDRY BANCORP (BLFY) is neutral.
What are the support and resistance levels for BLUE FOUNDRY BANCORP (BLFY) stock?
BLUE FOUNDRY BANCORP (BLFY) has a support level at 12.97 and a resistance level at 14.54. Check the full technical report for our detailed analysis of BLFY support and resistance levels.