BOJANGLES INC (BOJA) Stock Technical Analysis
NASDAQ:BOJA - Nasdaq - US0974881007
We assign a technical rating of 9 out of 10 to BOJA. Both in the recent history as in the last year, BOJA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, BOJA 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 16.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.09, a Stop Loss order could be placed below this zone.
More info and screens
12.24
3 important support areas can be observed.
- A support zone ranging from 15.93 to 16.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.07 from a trend line in the weekly time frame.
- Support @12.36 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.10 to 16.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 16.51 to 16.75. 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 BOJA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BOJA is up. |
| ChartMill Relative Strength | 93.09 | POSITIVE | BOJA has a high relative strength, it outperformed 93.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BOJA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BOJA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BOJA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.25 | NEUTRAL | The RSI value for BOJA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BOJA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 84.72 | OVERBOUGHT | The high Stochastics value suggests BOJA may be overbought. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for BOJA suggests low volalility. |
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 |
|---|---|---|---|
| 16.14 | 16.01 | 0.13 (0.81%) | 25.00% |
| An entry @16.14. This is a Buy Stop order right above the resistance zone. | An exit @16.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 0.81%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.20%. |
- 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.
NASDAQ:BOJA (1/25/2019, 8:00:00 PM)
16.09
-0.01 (-0.06%)