Overall BSET gets a technical rating of 2 out of 10. 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.
BSET has a poor technical rating and the quality of the setup is also only medium 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
13.71
We found 2 important support areas.
- A support zone ranging from 14.25 to 14.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 15.33 to 15.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.04 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for BSET is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BSET is neutral. |
| ChartMill Relative Strength | 44.95 | NEUTRAL | BSET is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BSET is above the rising 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 | MIXED | The current price of BSET is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.82 | NEUTRAL | The RSI value for BSET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BSET has a positive trend. |
| Stochastics (14,3) | 47.39 | NEUTRAL | The Stochastics value for BSET is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for BSET suggests some volalility. |
| Average Directional Index/ADX (14) | 9 | NEGATIVE | The low ADX value for BSET suggests a weak or negative trend. |
15.32
+0.82 (+5.66%)
BASSETT FURNITURE INDS / BSET FAQ
What is the ChartMill technical rating of BASSETT FURNITURE INDS (BSET) stock?
ChartMill assigns a technical rating of 2 / 10 to BSET.
Can you provide the trend direction for BASSETT FURNITURE INDS?
The current trend direction for BASSETT FURNITURE INDS (BSET) is Bearish.
What is the RSI signal for BSET stock?
BASSETT FURNITURE INDS (BSET) has an RSI value of 55.8173. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BASSETT FURNITURE INDS?
BASSETT FURNITURE INDS (BSET) has a support level at 14.79 and a resistance level at 15.33. Check the full technical report for our detailed analysis of BSET support and resistance levels.