BQE Technical Analysis - BQE WATER INC

Technical Rating and Analysis

Overall BQE gets a technical rating of 3 out of 10. BQE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, BQE is a bad performer in the overall market: 87% of all stocks are doing better.

BQE is part of the Commercial Services & Supplies industry. There are 24 other stocks in this industry, of which 73% are performing better than BQE.

In the last month BQE has a been trading in the 53.00 - 58.50 range, which is quite wide. It is currently trading near the lows of this range.

Warning: BQE has an average volume of 902 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

BQE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BQE is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of BQE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

46.02

59.10

When analyzing the support we can see 2 important areas.

Support @49.95 from a trend line in the weekly time frame.
A support zone ranging from 46.48 to 46.48. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 53.00 to 55.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @58.51 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 BQE.CA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BQE.CA is neutral.
ChartMill Relative Strength	13.33	NEGATIVE	BQE.CA has a low relative strength, it was outperformed by 86.67% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BQE.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BQE.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BQE.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.9	NEUTRAL	The RSI value for BQE.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests BQE.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	66.67	NEUTRAL	The Stochastics value for BQE.CA is a neutral value.
Average True Range in percent/ATR (20)	2.18	MEDIUM VOLATILITY	The ATR as a percentage value for BQE.CA suggests some volalility.
Average Directional Index/ADX (14)	12.05	NEGATIVE	The low ADX value for BQE.CA suggests a weak or negative trend.