BOOT BARN HOLDINGS INC (BOOT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BOOT - US0994061002 - Common Stock
Taking everything into account, BOOT scores 2 out of 10 in our technical rating. In the last year, BOOT was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The technical rating of BOOT is bad and it also does not present a quality setup 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.
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95.26
4 important support areas can be observed.
- Support @174.50 from a trend line in the daily time frame.
- Support @171.24 from a trend line in the weekly time frame.
- A support zone ranging from 163.11 to 163.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @96.22 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 185.88 to 190.07. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for BOOT is down. |
| ChartMill Relative Strength | 68.92 | NEUTRAL | BOOT is not amongst the best or worst performers 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) | 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) | 36.98 | NEUTRAL | The RSI value for BOOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.78 | NEGATIVE | The MACD value suggests BOOT has a negative trend. |
| Stochastics (14,3) | 7.22 | OVERSOLD | The low Stochastics value suggests BOOT may be oversold. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for BOOT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.6 | NEUTRAL | The ADX value for BOOT suggests a possible start of a new trend. |
178.26
-0.12 (-0.07%)
BOOT BARN HOLDINGS INC / BOOT FAQ
What is the technical rating for BOOT stock?
ChartMill assigns a technical rating of 2 / 10 to BOOT.
What is the current trend direction of BOOT BARN HOLDINGS INC (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 36.9832. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BOOT BARN HOLDINGS INC?
The short term momentum for BOOT BARN HOLDINGS INC (BOOT) is negative.
What are the support and resistance levels for BOOT BARN HOLDINGS INC (BOOT) stock?
BOOT BARN HOLDINGS INC (BOOT) has a support level at 174.5 and a resistance level at 185.88. Check the full technical report for our detailed analysis of BOOT support and resistance levels.