BASSETT FURNITURE INDS (BSET) Technical Analysis
NASDAQ:BSET • US0702031040
Current stock price
BSET Technical Rating and Analysis
Taking everything into account, BSET scores 1 out of 10 in our technical rating. BSET scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, BSET is a bad performer in the overall market: 86% of all stocks are doing better.
- BSET is part of the Household Durables industry. There are 60 other stocks in this industry, of which 81% are performing better than BSET.
- BSET 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.
- In the last month BSET has a been trading in the 13.17 - 14.78 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BSET Weekly and Daily overview Charts
BSET Setup Rating and Analysis
BSET has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 14.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BSET in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BSET Support and Resistance Analysis
13.71
We found 1 important support area.
- A support zone ranging from 13.85 to 14.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 14.15 to 14.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.64 from a trend line in the daily time frame.
- Resistance @16.91 from a trend line in the weekly time frame.
- Resistance @17.39 from a horizontal line in the daily time frame.
- Resistance @17.80 from a horizontal line in the daily time frame.
BSET 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 | 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 | 14.14 | NEGATIVE | BSET has a low relative strength, it was outperformed by 85.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BSET is below 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) | DOWN | NEGATIVE | The current price of BSET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.3 | NEUTRAL | The RSI value for BSET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BSET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.63 | NEUTRAL | The Stochastics value for BSET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for BSET suggests some volalility. |
| Average Directional Index/ADX (14) | 21.58 | NEUTRAL | The ADX value for BSET suggests a possible start of a new trend. |
BSET Chart- and CandleStick Pattern Analysis
BSET Technicals: Chart, Performance Metrics, Trend & Indicators
14.1
+0.09 (+0.64%)
BASSETT FURNITURE INDS / BSET TA FAQ
What is the ChartMill technical rating of BASSETT FURNITURE INDS (BSET) stock?
ChartMill assigns a technical rating of 1 / 10 to BSET.
What is the trend direction for BSET stock?
The current trend direction for BASSETT FURNITURE INDS (BSET) is Bearish.
What is the RSI signal for BASSETT FURNITURE INDS (BSET) stock?
BASSETT FURNITURE INDS (BSET) has an RSI value of 44.2958. This indicates that the stock is currently neutral.
What is the short term momentum for BSET stock?
The short term momentum for BASSETT FURNITURE INDS (BSET) is neutral.
Can you provide the support and resistance levels for BASSETT FURNITURE INDS?
BASSETT FURNITURE INDS (BSET) has a support level at 14.09 and a resistance level at 14.15. Check the full technical report for our detailed analysis of BSET support and resistance levels.