BASSETT FURNITURE INDS (BSET) Stock Technical Analysis
NASDAQ:BSET - Nasdaq - US0702031040 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to BSET. BSET has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month BSET has a been trading in the 15.36 - 19.39 range, which is quite wide. It is currently trading near the lows of this range.
BSET is part of the Household Durables industry. There are 63 other stocks in this industry. BSET outperforms 83% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, BSET turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
BSET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BSET is lagging the market.
Considerably lower volume is observed in the last couple of days.
BSET has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
13.66
18.99
When analyzing the support we can see 3 important areas.
- Support @15.84 from a trend line in the daily time frame.
- A support zone ranging from 14.26 to 14.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.80 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.47 to 16.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.70 to 18.80. 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 | NEUTRAL | NEUTRAL | The long term trend for BSET is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BSET is down. |
| ChartMill Relative Strength | 68.78 | NEUTRAL | BSET is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BSET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BSET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BSET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.72 | NEUTRAL | The RSI value for BSET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests BSET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.75 | NEUTRAL | The Stochastics value for BSET is a neutral value. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for BSET suggests some volalility. |
| Average Directional Index/ADX (14) | 23.92 | NEUTRAL | The ADX value for BSET suggests a possible start of a new 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)
16.46
+0.27 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg1.67%
1 Week5.72%
2 Weeks-5.57%
1 Month-10.05%
3 Month-6.58%
6 Month16.33%
12 Month31.68%
2 Year7.93%
3 Year-13.64%
5 Year30.63%
10 Year-43.28%
15 Year247.26%
Volatility
ATR(14)0.71
ATR(20)%4.45%
ATR Inc-61.37%
Range Today0.35
ADR(20)0.73
ADR(20)%4.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.78
Mansfield-0.17
10 Day High17.91
10 Day Low15.36
20 Day High19.39
20 Day Low15.36
52 Week High19.75
52 Week Low12.33
CS1 End15.84
CR1 Start16.47
Volume & EV
DER(3)-0.37%
DER(5)-1.37%
Volume14.30K
Volume Incr-50.93%
Vol(5)28.62K
Vol(50)57.96K