BOWMAN CONSULTING GROUP LTD (BWMN) Stock Technical Analysis
NASDAQ:BWMN • US1030021018
Taking everything into account, BWMN scores 2 out of 10 in our technical rating. Although BWMN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, we notice that BWMN is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- BWMN is part of the Construction & Engineering industry. There are 55 other stocks in this industry, BWMN did better than 53% of them.
- BWMN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BWMN is lagging the market.
- In the last month BWMN has a been trading in the 30.48 - 36.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BWMN 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 33.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.54, a Stop Loss order could be placed below this zone.
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31.80
When analyzing the support we notice one important area.
- A support zone ranging from 32.12 to 32.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 33.86 to 34.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @36.18 from a horizontal line in the daily time frame.
- A resistance zone ranging from 36.78 to 36.80. 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 | DOWN | NEGATIVE | The long term trend for BWMN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BWMN is down. |
| ChartMill Relative Strength | 83.49 | POSITIVE | BWMN has a high relative strength, it outperformed 83.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BWMN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BWMN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BWMN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.4 | NEUTRAL | The RSI value for BWMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BWMN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.84 | NEUTRAL | The Stochastics value for BWMN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.44 | MEDIUM VOLATILITY | The ATR as a percentage value for BWMN suggests some volalility. |
| Average Directional Index/ADX (14) | 25 | POSITIVE | The high ADX value value for BWMN suggests a strong trend. |
33.54
-0.38 (-1.12%)
BOWMAN CONSULTING GROUP LTD / BWMN FAQ
Can you provide the ChartMill technical rating for BOWMAN CONSULTING GROUP LTD?
ChartMill assigns a technical rating of 2 / 10 to BWMN.
What is the current trend direction of BOWMAN CONSULTING GROUP LTD (BWMN) stock?
The current trend direction for BOWMAN CONSULTING GROUP LTD (BWMN) is Bearish.
What is the RSI signal for BOWMAN CONSULTING GROUP LTD (BWMN) stock?
BOWMAN CONSULTING GROUP LTD (BWMN) has an RSI value of 47.3965. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for BOWMAN CONSULTING GROUP LTD?
The buy/sell signal for BOWMAN CONSULTING GROUP LTD (BWMN) is sell as both the short term and long term trends are negative.
What is the support and resistance level for BWMN stock?
BOWMAN CONSULTING GROUP LTD (BWMN) has a support level at 32.54 and a resistance level at 33.86. Check the full technical report for our detailed analysis of BWMN support and resistance levels.