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 10 out of 10. BOOT has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, BOOT did better than 92% of all other 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 121 other stocks in this industry. BOOT outperforms 89% of them.
BOOT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BOOT is performing more or less in line with the market.
In the last month BOOT has a been trading in the 99.94 - 166.10 range, which is quite wide. It is currently trading near the high of this range.
BOOT has an average volume of 1084900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although BOOT has an excellent technical rating, the quality of the presented setup is not ideal 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
92.11
170.46
When analyzing the support we notice one important area.
- Support @93.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @162.39 from a trend line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for BOOT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BOOT is up. |
| ChartMill Relative Strength | 92.65 | POSITIVE | BOOT has a high relative strength, it outperformed 92.65% 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) | 73.58 | OVERBOUGHT | The high RSI value suggests BOOT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.18 | POSITIVE | The MACD value suggests BOOT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.95 | OVERBOUGHT | The high Stochastics value suggests BOOT may be overbought. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for BOOT suggests some volalility. |
| Average Directional Index/ADX (14) | 44.39 | POSITIVE | The high ADX value value for BOOT suggests a strong 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)
156.96
-2.62 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.64%
1 Week0.16%
2 Weeks33.42%
1 Month53%
3 Month22.31%
6 Month14.53%
12 Month38.6%
2 Year132.12%
3 Year94.5%
5 Year630.73%
10 Year541.7%
15 YearN/A
Volatility
ATR(14)8.23
ATR(20)%4.48%
ATR Inc-23.21%
Range Today5.2
ADR(20)5.16
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.65
Mansfield1.44
10 Day High166.1
10 Day Low129.43
20 Day High166.1
20 Day Low99.94
52 Week High176.64
52 Week Low86.17
CS1 End93.04
CR1 Start162.39
Volume & EV
DER(3)-2.15%
DER(5)-0.19%
Volume815.90K
Volume Incr-19.65%
Vol(5)883.57K
Vol(50)1.08M