BWEN Technical Analysis - BROADWIND INC

Technical Rating and Analysis

Overall BWEN gets a technical rating of 5 out of 10. BWEN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

BWEN is part of the Electrical Equipment industry. There are 92 other stocks in this industry, of which 64% are performing better than BWEN.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

When compared to the yearly performance of all other stocks, BWEN outperforms 53% of them, which is more or less in line with the market.

BWEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BWEN is lagging the market.

In the last month BWEN has a been trading in the 1.95 - 2.37 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is only medium, BWEN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BWEN 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.94

2.66

2 important support areas can be observed.

A support zone ranging from 2.02 to 2.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.96 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 2.13 to 2.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 2.30 to 2.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @2.63 from a trend line in the weekly time frame.

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What is Support and Resistance

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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 BWEN is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BWEN is neutral.
ChartMill Relative Strength	53.98	NEUTRAL	BWEN is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BWEN is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BWEN is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BWEN is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.01	NEUTRAL	The RSI value for BWEN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests BWEN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	38.89	NEUTRAL	The Stochastics value for BWEN is a neutral value.
Average True Range in percent/ATR (20)	6.1	HIGH VOLATILITY	The high ATR as a percentage value for BWEN suggests high volalility.
Average Directional Index/ADX (14)	14.5	NEGATIVE	The low ADX value for BWEN suggests a weak or negative trend.