BASSETT FURNITURE INDS (BSET) Stock Technical Analysis
NASDAQ:BSET - Nasdaq - US0702031040 - Common Stock - Currency: USD
Overall BSET gets a technical rating of 6 out of 10. In the last year, BSET was one of the better performers, but we do observe some doubts in the very recent evolution.
Warning: BSET has an average volume of 26056 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, BSET did better than 76% of all other stocks.
BSET is part of the Household Durables industry. There are 64 other stocks in this industry. BSET outperforms 88% of them.
BSET is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BSET is lagging the market slightly.
In the last month BSET has a been trading in the 15.88 - 18.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, BSET does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
13.79
18.99
When analyzing the support we can see 5 important areas.
- A support zone ranging from 16.49 to 16.67. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @15.57 from a trend line in the daily time frame.
- A support zone ranging from 14.77 to 15.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.32 from a trend line in the daily time frame.
- A support zone ranging from 13.93 to 13.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- 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 | UP | POSITIVE | The long term trend for BSET is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BSET is neutral. |
| ChartMill Relative Strength | 76.54 | POSITIVE | BSET has a high relative strength, it outperformed 76.54% off all stocks 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) | UP | MIXED | The current price of BSET is below the rising 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) | 46.7 | NEUTRAL | The RSI value for BSET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests BSET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.29 | NEUTRAL | The Stochastics value for BSET is a neutral value. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for BSET suggests some volalility. |
| Average Directional Index/ADX (14) | 15.19 | 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)
16.67
-0.38 (-2.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-2.23%
1 Week1.65%
2 Weeks-5.01%
1 Month-5.34%
3 Month5.51%
6 Month9.46%
12 Month11.06%
2 Year23.39%
3 Year2.4%
5 Year160.47%
10 Year-41.22%
15 Year212.76%
Volatility
ATR(14)0.77
ATR(20)%4.59%
ATR Inc10.62%
Range Today0.93
ADR(20)0.76
ADR(20)%4.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.54
Mansfield0.88
10 Day High17.97
10 Day Low15.88
20 Day High18.87
20 Day Low15.88
52 Week High19.67
52 Week Low12.11
CS1 End16.67
CR1 Start18.7
Volume & EV
DER(3)1.35%
DER(5)0.63%
Volume17.90K
Volume Incr-18.14%
Vol(5)19.20K
Vol(50)26.06K