BENEFITFOCUS INC (BNFT) Stock Technical Analysis
USA - NASDAQ:BNFT - US08180D1063 - Common Stock
Taking everything into account, BNFT scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BNFT is showing a nice and steady performance.
BNFT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.48, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
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10.26
When analyzing the support we notice one important area.
- A support zone ranging from 10.36 to 10.48. 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 10.51 to 10.51. 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 | UP | POSITIVE | The long term trend for BNFT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNFT is up. |
| ChartMill Relative Strength | 91.26 | POSITIVE | BNFT has a high relative strength, it outperformed 91.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BNFT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNFT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BNFT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 79.61 | OVERBOUGHT | The high RSI value suggests BNFT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BNFT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 75.56 | NEUTRAL | The Stochastics value for BNFT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for BNFT suggests low volalility. |
| Average Directional Index/ADX (14) | 67.9 | POSITIVE | The high ADX value value for BNFT suggests a strong trend. |
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 |
|---|---|---|---|
| 10.52 | 10.45 | 0.07 (0.67%) | 25.00% |
| An entry @10.52. This is a Buy Stop order right above the resistance zone. | An exit @10.45. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.17%. |
- 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.
10.5
+0.01 (+0.1%)