BRANCHOUT FOOD INC/OR (BOF) Stock Technical Analysis
NASDAQ:BOF - Nasdaq - US1052301066 - Common Stock - Currency: USD
Taking everything into account, BOF scores 6 out of 10 in our technical rating. In the last year, BOF was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month BOF has a been trading in the 2.15 - 3.10 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, BOF did better than 97% of all other stocks.
BOF is one of the better performing stocks in the Food Products industry, it outperforms 97% of 91 stocks in the same industry.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
BOF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BOF is lagging the market.
Considerably lower volume is observed in the last couple of days.
BOF has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
1.74
2.81
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.19 to 2.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.05 from a trend line in the weekly time frame.
- Support @1.85 from a trend line in the weekly time frame.
- Support @1.79 from a trend line in the daily time frame.
- Support @1.76 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.27 to 2.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.78 from a horizontal line in the weekly 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 BOF is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BOF is down. |
| ChartMill Relative Strength | 97.07 | POSITIVE | BOF has a high relative strength, it outperformed 97.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BOF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BOF is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BOF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.22 | NEUTRAL | The RSI value for BOF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BOF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.01 | OVERSOLD | The low Stochastics value suggests BOF may be oversold. |
| Average True Range in percent/ATR (20) | 7.05 | HIGH VOLATILITY | The high ATR as a percentage value for BOF suggests high volalility. |
| Average Directional Index/ADX (14) | 16.68 | NEGATIVE | The low ADX value for BOF suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.2
-0.04 (-1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.79%
1 Week-0.9%
2 Weeks-11.65%
1 Month-18.22%
3 Month9.45%
6 Month-13.39%
12 Month208.77%
2 Year-11.29%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%7.05%
ATR Inc-50.6%
Range Today0.12
ADR(20)0.14
ADR(20)%6.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.07
Mansfield0.21
10 Day High2.69
10 Day Low2.15
20 Day High3.1
20 Day Low2.15
52 Week High4.11
52 Week Low0.61
CS1 End2.19
CR1 Start2.27
Volume & EV
DER(3)-2.76%
DER(5)-2.87%
Volume276.60K
Volume Incr-73.11%
Vol(5)139.12K
Vol(50)268.80K