BOOT BARN HOLDINGS INC (BOOT) Stock Technical Analysis
NYSE:BOOT - New York Stock Exchange, Inc. - US0994061002 - Common Stock - Currency: USD
Overall BOOT gets a technical rating of 9 out of 10. Both in the recent history as in the last year, BOOT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
BOOT is part of the Specialty Retail industry. There are 121 other stocks in this industry. BOOT outperforms 86% of them.
BOOT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BOOT is lagging the market slightly.
Looking at the yearly performance, BOOT did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month BOOT has a been trading in the 148.84 - 170.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, BOOT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 167.81. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
93.90
170.46
When analyzing the support we can see 3 important areas.
- A support zone ranging from 154.54 to 156.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @151.13 from a horizontal line in the daily time frame.
- Support @94.85 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 167.81 to 168.77. 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 BOOT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BOOT is up. |
| ChartMill Relative Strength | 90.78 | POSITIVE | BOOT has a high relative strength, it outperformed 90.78% 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) | 61.01 | NEUTRAL | The RSI value for BOOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.02 | NEGATIVE | The MACD value suggests BOOT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.24 | NEUTRAL | The Stochastics value for BOOT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for BOOT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.76 | NEUTRAL | The ADX value for BOOT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 168.78 | 154.53 | 14.25 (8.44%) | 11.84% |
| An entry @168.78. This is a Buy Stop order right above the resistance zone. | An exit @154.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 14.25 points, which is 8.44%. | When investing 11.84% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
164.93
+4.74 (+2.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg2.96%
1 Week8.12%
2 Weeks1%
1 Month2.47%
3 Month68.61%
6 Month4.06%
12 Month28.64%
2 Year75.64%
3 Year164.74%
5 Year751.91%
10 Year421.93%
15 YearN/A
Volatility
ATR(14)5.71
ATR(20)%3.45%
ATR Inc12.57%
Range Today3.67
ADR(20)5.27
ADR(20)%3.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.78
Mansfield0.96
10 Day High167.36
10 Day Low148.84
20 Day High170.16
20 Day Low148.84
52 Week High176.64
52 Week Low86.17
CS1 End154.54
CR1 Start167.81
Volume & EV
DER(3)-1.68%
DER(5)-1.19%
Volume386.37K
Volume Incr19.71%
Vol(5)743.20K
Vol(50)849.95K