NASDAQ:BSCQ - Nasdaq - US46138J7919 - ETF - Currency: USD
Taking everything into account, BSCQ scores 6 out of 10 in our technical rating. Although BSCQ is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, BSCQ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 19.52, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
18.88
When analyzing the support we notice one important area.
We found 1 important resistance area.
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 BSCQ is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BSCQ is up. |
ChartMill Relative Strength | 36.98 | NEUTRAL | BSCQ is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BSCQ is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BSCQ is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BSCQ is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 61.29 | NEUTRAL | The RSI value for BSCQ is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BSCQ has a positive trend. |
Stochastics (14,3) | 71.69 | NEUTRAL | The Stochastics value for BSCQ is a neutral value. |
Average True Range in percent/ATR (20) | 0.09 | LOW VOLATILITY | The low ATR as a percentage value for BSCQ suggests low volalility. |
Average Directional Index/ADX (14) | 20.15 | NEUTRAL | The ADX value for BSCQ suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
19.56 | 19.49 | 0.07 (0.36%) | 25.00% |
An entry @19.56. This is a Buy Stop order right above the 10 day high. | An exit @19.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 0.36%. | For a 0.09% total portfolio risk, you can invest 25.00% of your capital in this trade. |
19.545
+0.01 (+0.05%)