Taking everything into account, BOF scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
BOF 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 very little resistance above the current price. There is a support zone below the current price at 3.07, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BOF 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.
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2.08
We found 4 important support areas.
- A support zone ranging from 3.04 to 3.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.35 from a trend line in the weekly time frame.
- A support zone ranging from 2.22 to 2.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.10 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @3.61 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for BOF is neutral. |
| ChartMill Relative Strength | 94.76 | POSITIVE | BOF has a high relative strength, it outperformed 94.76% 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 | POSITIVE | The current price of BOF is above 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) | 48.7 | NEUTRAL | The RSI value for BOF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BOF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.67 | NEUTRAL | The Stochastics value for BOF is a neutral value. |
| Average True Range in percent/ATR (20) | 6.85 | HIGH VOLATILITY | The high ATR as a percentage value for BOF suggests high volalility. |
| Average Directional Index/ADX (14) | 23.82 | NEUTRAL | The ADX value for BOF suggests a possible start of a new 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 |
|---|---|---|---|
| 3.20 | 3.03 | 0.16 (5.16%) | 19.36% |
| An entry @3.19. This is a Buy Stop order right above the 10 day moving average. | An exit @3.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.16 points, which is 5.16%. | When investing 19.36% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BOF. Please evaluate whether better entry and exit points can be found.
- 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.
3.16
+0.01 (+0.32%)
BRANCHOUT FOOD INC/OR / BOF FAQ
What is the technical rating for BOF stock?
ChartMill assigns a technical rating of 9 / 10 to BOF.
What is the current trend direction of BRANCHOUT FOOD INC/OR (BOF) stock?
The current trend direction for BRANCHOUT FOOD INC/OR (BOF) is Bullish.
What is the RSI signal for BRANCHOUT FOOD INC/OR (BOF) stock?
BRANCHOUT FOOD INC/OR (BOF) has an RSI value of 48.6973. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BRANCHOUT FOOD INC/OR?
The MACD indicator for BRANCHOUT FOOD INC/OR (BOF) has a value of -0.0368014, indicating a bearish trend.
Can you provide the short term momentum for BRANCHOUT FOOD INC/OR?
The short term momentum for BRANCHOUT FOOD INC/OR (BOF) is neutral.