BOOT BARN HOLDINGS INC (BOOT) Stock Technical Analysis
NYSE:BOOT - New York Stock Exchange, Inc. - US0994061002 - Common Stock - Currency: USD
Taking everything into account, BOOT scores 5 out of 10 in our technical rating. In the last year, BOOT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
BOOT has only a medium technical rating, but it does show 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 174.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 161.99, a Stop Loss order could be placed below this zone.
More info and screens
92.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 160.84 to 161.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @96.95 from a trend line in the weekly time frame.
- Support @93.82 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 174.52 to 174.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @178.67 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 BOOT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BOOT is neutral. |
| ChartMill Relative Strength | 72.11 | POSITIVE | BOOT has a high relative strength, it outperformed 72.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BOOT is below a declining 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) | 49.77 | NEUTRAL | The RSI value for BOOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.18 | NEGATIVE | The MACD value suggests BOOT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.86 | OVERSOLD | The low Stochastics value suggests BOOT may be oversold. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for BOOT suggests some volalility. |
| Average Directional Index/ADX (14) | 23 | NEUTRAL | The ADX value for BOOT suggests a possible start of a new trend. |
167.28
+5.28 (+3.26%)