Taking everything into account, BSET scores 9 out of 10 in our technical rating. In the past year, BSET was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Although BSET has an excellent technical rating, it does not offer a high 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
We found 4 important support areas.
- A support zone ranging from 15.02 to 15.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.76 from a trend line in the weekly time frame.
- Support @14.26 from a horizontal line in the daily time frame.
- Support @13.85 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for BSET is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BSET is up. |
| ChartMill Relative Strength | 81.07 | POSITIVE | BSET has a high relative strength, it outperformed 81.07% off all stocks 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) | UP | POSITIVE | The current price of BSET is above 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) | 71.93 | OVERBOUGHT | The high RSI value suggests BSET may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests BSET has a positive trend. |
| Stochastics (14,3) | 96.05 | OVERBOUGHT | The high Stochastics value suggests BSET may be overbought. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for BSET suggests some volalility. |
| Average Directional Index/ADX (14) | 23.69 | NEUTRAL | The ADX value for BSET suggests a possible start of a new trend. |
17.42
+0.14 (+0.81%)
BASSETT FURNITURE INDS / BSET FAQ
What is the ChartMill technical rating of BASSETT FURNITURE INDS (BSET) stock?
ChartMill assigns a technical rating of 9 / 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 71.9317. This indicates that the stock is currently overbought.
Can you provide the support and resistance levels for BASSETT FURNITURE INDS?
BASSETT FURNITURE INDS (BSET) has a support level at 15.37 and a resistance level at 18.7. Check the full technical report for our detailed analysis of BSET support and resistance levels.