BWMX Technical Analysis - BETTERWARE DE MEXICO SAPI DE

Technical Rating and Analysis

Taking everything into account, BWMX scores 9 out of 10 in our technical rating. 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!

BWMX is one of the better performing stocks in the Specialty Retail industry, it outperforms 79% of 123 stocks in the same industry.

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.

In the last month BWMX has a been trading in the 12.56 - 13.85 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that BWMX is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.

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

BETTERWARE DE MEXICO SAPI DE / BWMX Weekly stock chart

BETTERWARE DE MEXICO SAPI DE / BWMX Daily stock chart

Setup Rating and Analysis

Besides having an excellent technical rating, BWMX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.55. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.20

14.05

When analyzing the support we can see 2 important areas.

Support @12.56 from a horizontal line in the daily time frame.
Support @11.31 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 13.55 to 13.91. This zone is formed by a combination of multiple trend lines and important moving averages 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	UP	POSITIVE	The short term trend for BWMX is up.
ChartMill Relative Strength	86.96	POSITIVE	BWMX has a high relative strength, it outperformed 86.96% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BWMX is above the rising 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)	58.34	NEUTRAL	The RSI value for BWMX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.1	NEGATIVE	The MACD value suggests BWMX has a negative trend.
Stochastics (14,3)	61.88	NEUTRAL	The Stochastics value for BWMX is a neutral value.
Average True Range in percent/ATR (20)	2.81	MEDIUM VOLATILITY	The ATR as a percentage value for BWMX suggests some volalility.
Average Directional Index/ADX (14)	36.8	POSITIVE	The high ADX value value for BWMX suggests a strong trend.