PRINCIPAL HEALTHCARE INNOVAT (BTEC) Stock Technical Analysis
USA - NASDAQ:BTEC - US74255Y4098 - ETF
39.49 USD
+0.4 (+1.02%)
Taking everything into account, BTEC scores 8 out of 10 in our technical rating. Although BTEC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: BTEC has an average volume of 14356 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
BTEC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BTEC is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that BTEC is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month BTEC has a been trading in the 35.83 - 41.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, BTEC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for BTEC in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
34.91
41.52
We found 2 important support areas.
- A support zone ranging from 37.09 to 37.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.26 to 35.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- Resistance @40.21 from a horizontal line in the weekly time frame.
- Resistance @41.11 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 | UP | POSITIVE | The long term trend for BTEC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTEC is up. |
| ChartMill Relative Strength | 79.72 | POSITIVE | BTEC has a high relative strength, it outperformed 79.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTEC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.54 | NEUTRAL | The RSI value for BTEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BTEC has a negative trend. |
| Stochastics (14,3) | 40.54 | NEUTRAL | The Stochastics value for BTEC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for BTEC suggests low volalility. |
| Average Directional Index/ADX (14) | 24.48 | NEUTRAL | The ADX value for BTEC suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 40.22 | 38.50 | 1.72 (4.29%) | 23.32% |
| An entry @40.22. This is a Buy Stop order right above the resistance zone. | An exit @38.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.72 points, which is 4.29%. | For a 1.00% total portfolio risk, you can invest 23.32% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:BTEC (7/31/2024, 8:25:20 PM)
39.49
+0.4 (+1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.02%
1 Week0.18%
2 Weeks-1%
1 Month9.91%
3 Month7.02%
6 Month9.27%
12 Month15.03%
2 Year12.12%
3 Year-29.33%
5 Year14.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.72
ATR(20)%1.74%
ATR Inc-15.54%
Range Today0.68
ADR(20)0.39
ADR(20)%0.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.72
Mansfield0.24
10 Day High40.21
10 Day Low38.51
20 Day High41.1
20 Day Low35.83
52 Week High41.1
52 Week Low25.66
CS1 End37.74
CR1 Start40.21
Volume & EV
DER(3)8.47%
DER(5)5.08%
Volume6.30K
Volume Incr-22.94%
Vol(5)1.78K
Vol(50)14.36K