PEABODY ENERGY CORP (BTU) Stock Technical Analysis
NYSE:BTU - New York Stock Exchange, Inc. - US7045511000 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to BTU. BTU'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, BTU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 13.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.37, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BTU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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12.92
When analyzing the support we notice one important area.
- A support zone ranging from 13.05 to 13.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 13.66 to 13.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.72 from a horizontal line in the weekly time frame.
- Resistance @15.29 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 | DOWN | NEGATIVE | The long term trend for BTU is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BTU is neutral. |
| ChartMill Relative Strength | 15.5 | NEGATIVE | BTU has a low relative strength, it was outperformed by 84.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.87 | NEUTRAL | The RSI value for BTU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BTU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.18 | NEUTRAL | The Stochastics value for BTU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for BTU suggests some volalility. |
| Average Directional Index/ADX (14) | 23.22 | NEUTRAL | The ADX value for BTU suggests a possible start of a new trend. |
13.64
+0.37 (+2.79%)