BETTERWARE DE MEXICO SAPI DE (BWMX) Stock Technical Analysis
NYSE:BWMX • MX00BW020002
Overall BWMX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, BWMX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that BWMX is one of the better performing stocks in the market, outperforming 90% of all stocks.
- BWMX is part of the Specialty Retail industry. There are 123 other stocks in this industry. BWMX outperforms 86% of them.
- BWMX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BWMX has a been trading in the 17.50 - 19.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BWMX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.96, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BWMX in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
13.42
When analyzing the support we can see 5 important areas.
- A support zone ranging from 17.68 to 17.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.21 to 15.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.39 to 14.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.93 from a horizontal line in the daily time frame.
- Support @13.56 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 18.98 to 19.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @19.44 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for BWMX is up. |
| ChartMill Relative Strength | 90.03 | POSITIVE | BWMX has a high relative strength, it outperformed 90.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BWMX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BWMX is above the rising 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) | 57.5 | NEUTRAL | The RSI value for BWMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BWMX has a negative trend. |
| Stochastics (14,3) | 78.5 | NEUTRAL | The Stochastics value for BWMX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for BWMX suggests some volalility. |
| Average Directional Index/ADX (14) | 45.17 | POSITIVE | The high ADX value value for BWMX suggests a strong 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 |
|---|---|---|---|
| 19.03 | 17.72 | 1.31 (6.88%) | 14.53% |
| An entry @19.03. This is a Buy Stop order right above the resistance zone. | An exit @17.72. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.31 points, which is 6.88%. | When investing 14.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
18.68
-0.69 (-3.56%)
BETTERWARE DE MEXICO SAPI DE / BWMX FAQ
What is the technical rating for BWMX stock?
ChartMill assigns a technical rating of 9 / 10 to BWMX.
What is the current trend direction of BETTERWARE DE MEXICO SAPI DE (BWMX) stock?
The current trend direction for BETTERWARE DE MEXICO SAPI DE (BWMX) is Bullish.
What is the RSI signal for BETTERWARE DE MEXICO SAPI DE (BWMX) stock?
BETTERWARE DE MEXICO SAPI DE (BWMX) has an RSI value of 57.5039. This indicates that the stock is currently neutral.
What is the buy/sell signal for BWMX stock?
The buy/sell signal for BETTERWARE DE MEXICO SAPI DE (BWMX) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for BETTERWARE DE MEXICO SAPI DE (BWMX) stock?
BETTERWARE DE MEXICO SAPI DE (BWMX) has a support level at 17.96 and a resistance level at 18.98. Check the full technical report for our detailed analysis of BWMX support and resistance levels.