BOOT BARN HOLDINGS INC (BOOT) Stock Technical Analysis
NYSE:BOOT • US0994061002
Overall BOOT gets a technical rating of 7 out of 10. BOOT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- When comparing the yearly performance of all stocks, we notice that BOOT is one of the better performing stocks in the market, outperforming 81% of all stocks. We also observe that the gains produced by BOOT over the past year are nicely spread over this period.
- BOOT is part of the Specialty Retail industry. There are 120 other stocks in this industry. BOOT outperforms 79% 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month BOOT has a been trading in the 171.46 - 207.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
96.01
4 important support areas can be observed.
- Support @178.47 from a horizontal line in the weekly time frame.
- A support zone ranging from 171.08 to 174.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 163.11 to 163.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @96.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 189.03 to 190.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 202.07 to 207.99. 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 | NEUTRAL | NEUTRAL | The long term trend for BOOT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BOOT is neutral. |
| ChartMill Relative Strength | 81.8 | POSITIVE | BOOT has a high relative strength, it outperformed 81.8% 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) | DOWN | NEGATIVE | The current price of BOOT is below a declining 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) | 49.42 | NEUTRAL | The RSI value for BOOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests BOOT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.21 | NEUTRAL | The Stochastics value for BOOT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for BOOT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.84 | NEGATIVE | The low ADX value for BOOT suggests a weak or negative trend. |
187.99
+1.99 (+1.07%)
BOOT BARN HOLDINGS INC / BOOT FAQ
What is the technical rating for BOOT stock?
ChartMill assigns a technical rating of 7 / 10 to BOOT.
What is the trend direction for BOOT stock?
The current trend direction for BOOT BARN HOLDINGS INC (BOOT) is Bearish.
What is the RSI signal for BOOT BARN HOLDINGS INC (BOOT) stock?
BOOT BARN HOLDINGS INC (BOOT) has an RSI value of 49.4186. This indicates that the stock is currently neutral.
What are the support and resistance levels for BOOT BARN HOLDINGS INC (BOOT) stock?
BOOT BARN HOLDINGS INC (BOOT) has a support level at 178.47 and a resistance level at 189.03. Check the full technical report for our detailed analysis of BOOT support and resistance levels.