BWMX Technical Analysis - BETTERWARE DE MEXICO SAPI DE

Technical Rating and Analysis

Overall BWMX gets a technical rating of 3 out of 10. In the last year, BWMX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month BWMX has a been trading in the 12.54 - 13.75 range, which is quite wide. It is currently trading near the lows of this range.

BWMX is part of the Specialty Retail industry. There are 122 other stocks in this industry. BWMX outperforms 71% of them.

BWMX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BWMX is lagging the market slightly.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When comparing the yearly performance of all stocks, we notice that BWMX is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BETTERWARE DE MEXICO SAPI DE / BWMX Weekly stock chart

BETTERWARE DE MEXICO SAPI DE / BWMX Daily stock chart

Setup Rating and Analysis

BWMX has a poor technical rating and the quality of the setup is also not perfect 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

12.30

14.05

We found 1 important support area.

A support zone ranging from 12.42 to 12.54. 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.

Resistance @12.57 from a horizontal line in the daily time frame.
A resistance zone ranging from 12.96 to 13.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 13.71 to 13.91. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 BWMX is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BWMX is down.
ChartMill Relative Strength	76.18	POSITIVE	BWMX has a high relative strength, it outperformed 76.18% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BWMX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BWMX is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BWMX is above the rising SMA(200).
Relative Strength Index/RSI (14)	38.77	NEUTRAL	The RSI value for BWMX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests BWMX has a negative trend.
Stochastics (14,3)	15.48	OVERSOLD	The low Stochastics value suggests BWMX may be oversold.
Average True Range in percent/ATR (20)	2.44	MEDIUM VOLATILITY	The ATR as a percentage value for BWMX suggests some volalility.
Average Directional Index/ADX (14)	15.46	NEGATIVE	The low ADX value for BWMX suggests a weak or negative trend.