BLUELINX HOLDINGS INC (BXC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BXC - US09624H2085 - Common Stock
We assign a technical rating of 0 out of 10 to BXC. BXC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of BXC is bad and it also does not present a quality setup 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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55.88
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 57.56 to 57.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @74.05 from a trend line in the weekly time frame.
- Resistance @77.43 from a trend line in the weekly time frame.
- Resistance @84.22 from a horizontal line in the daily time frame.
- A resistance zone ranging from 86.56 to 86.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @130.31 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for BXC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BXC is down. |
| ChartMill Relative Strength | 6.73 | NEGATIVE | BXC has a low relative strength, it was outperformed by 93.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BXC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BXC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BXC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.54 | NEUTRAL | The RSI value for BXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BXC has a positive trend. |
| Stochastics (14,3) | 23.11 | NEUTRAL | The Stochastics value for BXC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for BXC suggests high volalility. |
| Average Directional Index/ADX (14) | 31.47 | POSITIVE | The high ADX value value for BXC suggests a strong trend. |
56.44
-1.11 (-1.93%)
BLUELINX HOLDINGS INC / BXC FAQ
What is the technical rating for BXC stock?
ChartMill assigns a technical rating of 0 / 10 to BXC.
Can you provide the trend direction for BLUELINX HOLDINGS INC?
The current trend direction for BLUELINX HOLDINGS INC (BXC) is Bearish.
What is the RSI signal for BLUELINX HOLDINGS INC (BXC) stock?
BLUELINX HOLDINGS INC (BXC) has an RSI value of 35.5363. This indicates that the stock is currently neutral.
What is the MACD signal for BXC stock?
The MACD indicator for BLUELINX HOLDINGS INC (BXC) has a value of 0.0699468, indicating a bearish trend.
What is the buy/sell signal for BXC stock?
The buy/sell signal for BLUELINX HOLDINGS INC (BXC) is sell as both the short term and long term trends are negative.