BASSETT FURNITURE INDS (BSET) Technical Analysis
NASDAQ:BSET • US0702031040
Current stock price
BSET Technical Rating and Analysis
Taking everything into account, BSET scores 0 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, BSET is a bad performer in the overall market: 79% of all stocks are doing better.
- BSET is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BSET is lagging the market.
- In the last month BSET has a been trading in the 13.70 - 16.23 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: BSET has an average volume of 22106 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- BSET is an average performer in the Household Durables industry, it outperforms 47% of 60 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
BSET Weekly and Daily overview Charts
BSET Setup Rating and Analysis
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
BSET Support and Resistance Analysis
13.71
When analyzing the support we notice one important area.
- A support zone ranging from 13.85 to 13.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 15.20 to 15.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.90 to 17.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for BSET is down. |
| ChartMill Relative Strength | 21.8 | NEGATIVE | BSET has a low relative strength, it was outperformed by 78.2% 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) | 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) | 33.17 | NEUTRAL | The RSI value for BSET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BSET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.87 | OVERSOLD | The low Stochastics value suggests BSET may be oversold. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for BSET suggests some volalility. |
| Average Directional Index/ADX (14) | 23.51 | 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
+0.03 (+0.21%)
BASSETT FURNITURE INDS / BSET TA FAQ
What is the ChartMill technical rating of BASSETT FURNITURE INDS (BSET) stock?
ChartMill assigns a technical rating of 0 / 10 to BSET.
What is the current trend direction of BASSETT FURNITURE INDS (BSET) stock?
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 33.1654. This indicates that the stock is currently neutral.
What is the MACD signal for BASSETT FURNITURE INDS (BSET) stock?
The MACD indicator for BASSETT FURNITURE INDS (BSET) has a value of -0.0612231, indicating a bearish trend.
Can you provide the buy/sell signal for BASSETT FURNITURE INDS?
The buy/sell signal for BASSETT FURNITURE INDS (BSET) is sell as both the short term and long term trends are negative.