BOOHOO GROUP PLC (BOO.L) Stock Technical Analysis
Europe - London Exchange - LON:BOO - JE00BG6L7297 - Common Stock
Overall BOO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BOO is showing a nice and steady performance.
BOO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
246.17
We found 3 important support areas.
- A support zone ranging from 267.20 to 267.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 258.39 to 261.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 248.66 to 249.47. This zone is formed by a combination of multiple trend lines 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 BOO.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BOO.L is up. |
| ChartMill Relative Strength | 96.46 | POSITIVE | BOO.L has a high relative strength, it outperformed 96.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BOO.L is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BOO.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BOO.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.96 | NEUTRAL | The RSI value for BOO.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.13 | POSITIVE | The MACD value suggests BOO.L has a positive trend. |
| Stochastics (14,3) | 78.69 | NEUTRAL | The Stochastics value for BOO.L is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for BOO.L suggests some 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 |
|---|---|---|---|
| 304.91 | 261.17 | 43.74 (14.35%) | 6.97% |
| An entry @304.91. This is a Buy Stop order right above the 10 day high. | An exit @261.17. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 43.74 points, which is 14.35%. | For a 1.00% total portfolio risk, you can invest 6.97% of your capital in this trade. |
- 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.
LON:BOO (12/27/2019, 7:00:00 PM)
296.6
-0.6 (-0.2%)
BOOHOO GROUP PLC / BOO.L FAQ
What is the technical rating for BOO stock?
ChartMill assigns a technical rating of 9 / 10 to BOO.L.
What is the trend direction for BOO stock?
The current trend direction for BOOHOO GROUP PLC (BOO.L) is Bullish.
Can you provide the RSI signal for BOOHOO GROUP PLC?
BOOHOO GROUP PLC (BOO.L) has an RSI value of 57.961. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BOOHOO GROUP PLC?
The short term momentum for BOOHOO GROUP PLC (BOO.L) is positive.
What is the buy/sell signal for BOO stock?
The buy/sell signal for BOOHOO GROUP PLC (BOO.L) is buy as both the short term and long term trends are positive.