BW Technical Analysis - BABCOCK & WILCOX ENTERPR

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to BW. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BW is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

BW is one of the better performing stocks in the Electrical Equipment industry, it outperforms 93% of 92 stocks in the same industry.

A new 52 week high is currently being made by BW, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month BW has a been trading in the 1.65 - 3.55 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

BW has an average volume of 2371280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that BW is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BABCOCK & WILCOX ENTERPR / BW Weekly stock chart

BABCOCK & WILCOX ENTERPR / BW Daily stock chart

Setup Rating and Analysis

Although BW 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.35

3.44

When analyzing the support we notice one important area.

Support @2.37 from a trend line in the daily time frame.

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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	UP	POSITIVE	The long term trend for BW is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BW is up.
ChartMill Relative Strength	97.84	POSITIVE	BW has a high relative strength, it outperformed 97.84% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BW is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BW is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BW is above the rising SMA(200).
Relative Strength Index/RSI (14)	70.88	OVERBOUGHT	The high RSI value suggests BW may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests BW has a positive trend, although the MACD value is declining.
Stochastics (14,3)	90.51	OVERBOUGHT	The high Stochastics value suggests BW may be overbought.
Average True Range in percent/ATR (20)	9.6	HIGH VOLATILITY	The high ATR as a percentage value for BW suggests high volalility.
Average Directional Index/ADX (14)	50.86	POSITIVE	The high ADX value value for BW suggests a strong trend.