BASSETT FURNITURE INDS (BSET) Stock Technical Analysis
USA - NASDAQ:BSET - US0702031040 - Common Stock
16.81 USD
+0.91 (+5.72%)
16.5 USD
-0.31 (-1.84%)
We assign a technical rating of 3 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.
Warning: BSET has an average volume of 26212 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
BSET is one of the better performing stocks in the Household Durables industry, it outperforms 74% of 63 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, BSET outperforms 56% of them, which is more or less in line with the market.
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.
In the last month BSET has a been trading in the 15.26 - 17.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of BSET is bad and it also does not present a quality setup 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
19.33
We found 4 important support areas.
- A support zone ranging from 15.60 to 15.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.29 from a horizontal line in the daily time frame.
- Support @14.83 from a trend line in the weekly time frame.
- A support zone ranging from 13.85 to 13.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @17.39 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.
- Resistance @19.14 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for BSET is neutral. |
| ChartMill Relative Strength | 56.97 | 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 | MIXED | The current price of BSET is above 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) | 58.76 | NEUTRAL | The RSI value for BSET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BSET has a positive trend. |
| Stochastics (14,3) | 47.7 | NEUTRAL | The Stochastics value for BSET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for BSET suggests some volalility. |
| Average Directional Index/ADX (14) | 17.25 | NEGATIVE | The low ADX value for BSET suggests a weak or negative 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)
16.81
+0.91 (+5.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg5.72%
1 Week5.26%
2 Weeks8.8%
1 Month1.66%
3 Month-8.14%
6 Month2.88%
12 Month20.5%
2 Year9.23%
3 Year-7.54%
5 Year13.89%
10 Year-47.4%
15 Year254.64%
Volatility
ATR(14)0.56
ATR(20)%3.34%
ATR Inc110.93%
Range Today1.03
ADR(20)0.55
ADR(20)%3.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.97
Mansfield-0.5
10 Day High17
10 Day Low15.26
20 Day High17.12
20 Day Low15.26
52 Week High19.75
52 Week Low13.58
CS1 End15.97
CR1 Start17.39
Volume & EV
DER(3)7.01%
DER(5)3.16%
Volume92.70K
Volume Incr48.09%
Vol(5)35.55K
Vol(50)26.21K