BOOT BARN HOLDINGS INC (BOOT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BOOT - US0994061002 - Common Stock
Taking everything into account, BOOT scores 5 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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 202.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 191.79, a Stop Loss order could be placed below this zone. 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
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5 important support areas can be observed.
- A support zone ranging from 185.97 to 191.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @179.45 from a trend line in the daily time frame.
- Support @176.46 from a horizontal line in the daily time frame.
- Support @171.85 from a trend line in the weekly time frame.
- A support zone ranging from 162.00 to 163.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- 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 | 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 | 81.47 | POSITIVE | BOOT has a high relative strength, it outperformed 81.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BOOT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BOOT is above 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) | 55.09 | NEUTRAL | The RSI value for BOOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests BOOT has a positive trend. |
| Stochastics (14,3) | 68.01 | NEUTRAL | The Stochastics value for BOOT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for BOOT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.4 | NEGATIVE | The low ADX value for BOOT suggests a weak or negative trend. |
195.67
+3.23 (+1.68%)
BOOT BARN HOLDINGS INC / BOOT FAQ
What is the technical rating for BOOT stock?
ChartMill assigns a technical rating of 5 / 10 to BOOT.
What is the trend direction for BOOT stock?
The current trend direction for BOOT BARN HOLDINGS INC (BOOT) is Bullish.
What is the RSI signal for BOOT BARN HOLDINGS INC (BOOT) stock?
BOOT BARN HOLDINGS INC (BOOT) has an RSI value of 55.0902. 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 191.79 and a resistance level at 202.07. Check the full technical report for our detailed analysis of BOOT support and resistance levels.