BLUELINX HOLDINGS INC (BXC) Stock Technical Analysis
NYSE:BXC - New York Stock Exchange, Inc. - US09624H2085 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to BXC. BXC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
87% of all other stocks performed better in the past year than BXC.
BXC is one of the lesser performing stocks in the Trading Companies & Distributors industry. 91% of 49 stocks in the same industry do better.
BXC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BXC has a been trading in the 63.13 - 72.13 range, which is quite wide. It is currently trading near the high of this range.
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.
More info and screens
63.12
131.61
When analyzing the support we notice one important area.
- A support zone ranging from 63.76 to 63.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @71.52 from a horizontal line in the daily time frame.
- Resistance @74.07 from a horizontal line in the daily time frame.
- Resistance @124.89 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for BXC is neutral. |
| ChartMill Relative Strength | 13.13 | NEGATIVE | BXC has a low relative strength, it was outperformed by 86.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BXC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BXC is above 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) | 51.75 | NEUTRAL | The RSI value for BXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests BXC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.8 | OVERBOUGHT | The high Stochastics value suggests BXC may be overbought. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for BXC suggests some volalility. |
| Average Directional Index/ADX (14) | 10.96 | 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)
69.67
-1.09 (-1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-1.54%
1 Week4.27%
2 Weeks2.49%
1 Month-1.04%
3 Month-13.87%
6 Month-41.35%
12 Month-28.89%
2 Year-25.71%
3 Year4.28%
5 Year712.95%
10 Year625.73%
15 Year164.91%
Volatility
ATR(14)2.18
ATR(20)%3.24%
ATR Inc-24.13%
Range Today1.53
ADR(20)2.06
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.13
Mansfield-3.1
10 Day High72.13
10 Day Low63.14
20 Day High72.13
20 Day Low63.14
52 Week High134.79
52 Week Low63.14
CS1 End63.76
CR1 Start71.52
Volume & EV
DER(3)1.29%
DER(5)0.95%
Volume57.60K
Volume Incr-1.04%
Vol(5)79.78K
Vol(50)96.94K