BLUELINX HOLDINGS INC (BXC) Stock Technical Analysis
USA - NYSE:BXC - US09624H2085 - Common Stock
71.78 USD
-1.06 (-1.46%)
71.78 USD
0 (0%)
Overall BXC gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, BXC is a bad performer in the overall market: 88% of all stocks are doing better.
BXC is one of the lesser performing stocks in the Trading Companies & Distributors industry. 81% of 49 stocks in the same industry do better.
BXC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month BXC has a been trading in the 69.68 - 75.48 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.
BXC has a bad technical rating, but it does show a decent setup pattern. 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 74.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 71.76, a Stop Loss order could be placed below this zone.
More info and screens
69.32
131.61
We found 2 important support areas.
- A support zone ranging from 71.39 to 71.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @70.02 from a trend line in the daily time frame.
When analyzing the resistance we notice 7 important areas.
- A resistance zone ranging from 74.45 to 74.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @79.10 from a trend line in the weekly time frame.
- Resistance @80.42 from a trend line in the daily 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 @123.72 from a trend line in the weekly time frame.
- 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 | 12.1 | NEGATIVE | BXC has a low relative strength, it was outperformed by 87.9% 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) | 44.99 | NEUTRAL | The RSI value for BXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests BXC has a positive trend. |
| Stochastics (14,3) | 44.97 | NEUTRAL | The Stochastics value for BXC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for BXC suggests some volalility. |
| Average Directional Index/ADX (14) | 7.46 | NEGATIVE | The low ADX value for BXC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
71.78
-1.06 (-1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-1.46%
1 Week-1.74%
2 Weeks-3.59%
1 Month-2.53%
3 Month-10.33%
6 Month-1.71%
12 Month-31.1%
2 Year0.94%
3 Year1.87%
5 Year226.57%
10 Year925.43%
15 Year127.87%
Volatility
ATR(14)2.63
ATR(20)%3.33%
ATR Inc-9.93%
Range Today2.31
ADR(20)2.36
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.1
3 months CRS17.22
6 months CRS20.13
Mansfield-2.51
10 Day High75
10 Day Low69.68
20 Day High75.48
20 Day Low69.68
52 Week High134.79
52 Week Low63.14
CS1 End71.76
CR1 Start74.45
Volume & EV
DER(3)-1.49%
DER(5)-1.79%
Volume65.70K
Volume Incr-32.56%
Vol(5)60.48K
Vol(50)89.46K