BASSETT FURNITURE INDS (BSET) Stock Technical Analysis
USA - NASDAQ:BSET - US0702031040 - Common Stock
Overall BSET gets a technical rating of 0 out of 10. BSET's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, BSET does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 13.88, a Stop Loss order could be placed below this zone.
More info and screens
13.71
We found 1 important support area.
- A support zone ranging from 13.85 to 13.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 14.58 to 14.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.09 to 15.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.00 from a trend line in the daily time frame.
- Resistance @17.04 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.
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 | 24.55 | NEGATIVE | BSET has a low relative strength, it was outperformed by 75.45% 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) | UP | MIXED | The current price of BSET is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.58 | NEUTRAL | The RSI value for BSET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BSET has a negative trend. |
| Stochastics (14,3) | 24.85 | NEUTRAL | The Stochastics value for BSET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for BSET suggests some volalility. |
| Average Directional Index/ADX (14) | 9.56 | NEGATIVE | The low ADX value for BSET suggests a weak or negative trend. |
14.57
-0.05 (-0.34%)
BASSETT FURNITURE INDS / BSET FAQ
What is the ChartMill technical rating of BASSETT FURNITURE INDS (BSET) stock?
ChartMill assigns a technical rating of 0 / 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 38.5799. This indicates that the stock is currently neutral.
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.
What is the support and resistance level for BSET stock?
BASSETT FURNITURE INDS (BSET) has a support level at 13.88 and a resistance level at 14.58. Check the full technical report for our detailed analysis of BSET support and resistance levels.