BENEFITFOCUS INC (BNFT) Technical Analysis
NASDAQ:BNFT • US08180D1063
Current stock price
BNFT Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to BNFT. Both in the recent history as in the last year, BNFT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- BNFT is part of the Software industry. There are 272 other stocks in this industry. BNFT outperforms 92% of them.
- Looking at the yearly performance, BNFT did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- BNFT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BNFT is lagging the market.
- In the last month BNFT has a been trading in a tight range between 10.44 and 10.51.
- Considerably lower volume is observed in the last couple of days.
BNFT Weekly and Daily overview Charts
BNFT Setup Rating and Analysis
Besides having an excellent technical rating, BNFT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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. 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
BNFT Support and Resistance Analysis
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.
We found 1 important resistance 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.
BNFT 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 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. |
BNFT Chart- and CandleStick Pattern Analysis
BNFT 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 |
|---|---|---|---|
| 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.
BNFT Technicals: Chart, Performance Metrics, Trend & Indicators
10.5
+0.01 (+0.1%)
BENEFITFOCUS INC / BNFT TA FAQ
What is the technical rating for BNFT stock?
ChartMill assigns a technical rating of 8 / 10 to BNFT.
What is the current trend direction of BENEFITFOCUS INC (BNFT) stock?
The current trend direction for BENEFITFOCUS INC (BNFT) is Bullish.
What is the RSI signal for BENEFITFOCUS INC (BNFT) stock?
BENEFITFOCUS INC (BNFT) has an RSI value of 79.6119. This indicates that the stock is currently overbought.
Can you provide the short term momentum for BENEFITFOCUS INC?
The short term momentum for BENEFITFOCUS INC (BNFT) is positive.
What are the support and resistance levels for BENEFITFOCUS INC (BNFT) stock?
BENEFITFOCUS INC (BNFT) has a support level at 10.48 and a resistance level at 10.51. Check the full technical report for our detailed analysis of BNFT support and resistance levels.