BOWMAN CONSULTING GROUP LTD (BWMN) Stock Technical Analysis
USA - NASDAQ:BWMN - US1030021018 - Common Stock
We assign a technical rating of 10 out of 10 to BWMN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BWMN is showing a nice and steady performance.
BWMN has an excellent technical rating and also presents a decent setup pattern. 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 44.06. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
40.25
We found 4 important support areas.
- Support @43.89 from a horizontal line in the daily time frame.
- A support zone ranging from 42.61 to 43.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 41.45 to 41.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 40.66 to 40.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.06 to 44.13. 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 | UP | POSITIVE | The long term trend for BWMN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BWMN is up. |
| ChartMill Relative Strength | 94.31 | POSITIVE | BWMN has a high relative strength, it outperformed 94.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BWMN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BWMN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BWMN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.75 | NEUTRAL | The RSI value for BWMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BWMN has a positive trend. |
| Stochastics (14,3) | 63.78 | NEUTRAL | The Stochastics value for BWMN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for BWMN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.84 | NEGATIVE | The low ADX value for BWMN suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 44.14 | 43.88 | 0.26 (0.59%) | 25.00% |
| An entry @44.14. This is a Buy Stop order right above the resistance zone. | An exit @43.88. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.26 points, which is 0.59%. | For a 0.15% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BWMN. Please evaluate whether better entry and exit points can be found.
- 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.
44.05
+0.65 (+1.5%)
BOWMAN CONSULTING GROUP LTD / BWMN FAQ
Can you provide the ChartMill technical rating for BOWMAN CONSULTING GROUP LTD?
ChartMill assigns a technical rating of 10 / 10 to BWMN.
What is the trend direction for BWMN stock?
The current trend direction for BOWMAN CONSULTING GROUP LTD (BWMN) is Bullish.
Can you provide the RSI signal for BOWMAN CONSULTING GROUP LTD?
BOWMAN CONSULTING GROUP LTD (BWMN) has an RSI value of 57.7507. This indicates that the stock is currently neutral.
What is the MACD signal for BOWMAN CONSULTING GROUP LTD (BWMN) stock?
The MACD indicator for BOWMAN CONSULTING GROUP LTD (BWMN) has a value of 0.0172052, indicating a bearish trend.
What are the support and resistance levels for BOWMAN CONSULTING GROUP LTD (BWMN) stock?
BOWMAN CONSULTING GROUP LTD (BWMN) has a support level at 43.89 and a resistance level at 44.06. Check the full technical report for our detailed analysis of BWMN support and resistance levels.