BOXLIGHT CORP - CLASS A (BOXL) Stock Technical Analysis
NASDAQ:BOXL - Nasdaq - US1031973076 - Common Stock - Currency: USD
Overall BOXL gets a technical rating of 5 out of 10. In the last year, BOXL was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
BOXL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: BOXL has an average volume of 23010 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that BOXL is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this relatively good performance is mostly due to a recent big move.
BOXL is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 61% of 32 stocks in the same industry.
In the last month BOXL has a been trading in the 1.84 - 2.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, BOXL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.98, a Stop Loss order could be placed below this zone.
More info and screens
1.65
2.68
We found 3 important support areas.
- A support zone ranging from 1.96 to 1.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.91 to 1.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.67 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.14 to 2.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.42 from a trend line in the daily time frame.
- Resistance @2.65 from a trend line 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 BOXL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BOXL is neutral. |
| ChartMill Relative Strength | 72.01 | POSITIVE | BOXL has a high relative strength, it outperformed 72.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BOXL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BOXL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BOXL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.05 | NEUTRAL | The RSI value for BOXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BOXL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.14 | NEUTRAL | The Stochastics value for BOXL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.12 | HIGH VOLATILITY | The high ATR as a percentage value for BOXL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.29 | NEGATIVE | The low ADX value for BOXL suggests a weak or negative 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)
2.13
+0.07 (+3.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg3.4%
1 Week10.94%
2 Weeks-3.62%
1 Month-0.93%
3 Month42%
6 Month-25.26%
12 Month-13.77%
2 Year-81.72%
3 Year-91.85%
5 Year-96.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%7.12%
ATR Inc-57.99%
Range Today0.11
ADR(20)0.15
ADR(20)%6.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.01
Mansfield-1.04
10 Day High2.22
10 Day Low1.84
20 Day High2.55
20 Day Low1.84
52 Week High10.65
52 Week Low1.06
CS1 End1.98
CR1 Start2.14
Volume & EV
DER(3)-1.25%
DER(5)-0.88%
Volume6.70K
Volume Incr-3.64%
Vol(5)23.96K
Vol(50)23.01K