BOOT Technical Analysis - BOOT BARN HOLDINGS INC

Technical Rating and Analysis

Taking everything into account, BOOT scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BOOT is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.

BOOT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month BOOT has a been trading in the 162.10 - 190.06 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, BOOT did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

BOOT is part of the Specialty Retail industry. There are 120 other stocks in this industry, BOOT did better than 64% of them.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BOOT BARN HOLDINGS INC / BOOT Weekly stock chart

BOOT BARN HOLDINGS INC / BOOT Daily stock chart

Setup Rating and Analysis

Although BOOT has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

93.88

192.80

We found 5 important support areas.

A support zone ranging from 171.05 to 175.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @166.93 from a trend line in the daily time frame.
A support zone ranging from 163.11 to 163.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @99.36 from a trend line in the weekly time frame.
Support @94.83 from a trend line in the weekly time frame.

We found 1 important resistance area.

Resistance @190.89 from a horizontal line in the daily time frame.

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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 BOOT is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BOOT is up.
ChartMill Relative Strength	71.09	POSITIVE	BOOT has a high relative strength, it outperformed 71.09% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BOOT is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BOOT is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BOOT is above the rising SMA(200).
Relative Strength Index/RSI (14)	61.07	NEUTRAL	The RSI value for BOOT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.28	POSITIVE	The MACD value suggests BOOT has a positive trend.
Stochastics (14,3)	88.21	OVERBOUGHT	The high Stochastics value suggests BOOT may be overbought.
Average True Range in percent/ATR (20)	3.32	MEDIUM VOLATILITY	The ATR as a percentage value for BOOT suggests some volalility.
Average Directional Index/ADX (14)	20.9	NEUTRAL	The ADX value for BOOT suggests a possible start of a new trend.