BLUELINX HOLDINGS INC (BXC) Technical Analysis
NYSE:BXC • US09624H2085
Current stock price
BXC Technical Rating and Analysis
Overall BXC gets a technical rating of 0 out of 10. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 87% of all other stocks performed better in the past year than BXC.
- BXC is part of the Trading Companies & Distributors industry. There are 47 other stocks in this industry, of which 78% are performing better than BXC.
- BXC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BXC is lagging the market.
- In the last month BXC has a been trading in the 44.78 - 61.01 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 Weekly and Daily overview Charts
BXC Setup Rating and Analysis
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.
More info and screens
BXC Support and Resistance Analysis
51.04
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 51.68 to 52.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @54.19 from a horizontal line in the daily time frame.
- Resistance @72.89 from a trend line in the weekly time frame.
- A resistance zone ranging from 76.46 to 76.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
BXC 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 | 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 | 13.56 | NEGATIVE | BXC has a low relative strength, it was outperformed by 86.44% 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) | 39.69 | NEUTRAL | The RSI value for BXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.99 | POSITIVE | The MACD value suggests BXC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.14 | NEUTRAL | The Stochastics value for BXC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.65 | HIGH VOLATILITY | The high ATR as a percentage value for BXC suggests high volalility. |
| Average Directional Index/ADX (14) | 32.05 | POSITIVE | The high ADX value value for BXC suggests a strong trend. |
BXC Chart- and CandleStick Pattern Analysis
BXC Technicals: Chart, Performance Metrics, Trend & Indicators
51.56
-2.23 (-4.15%)
BLUELINX HOLDINGS INC / BXC TA FAQ
What is the technical rating for BXC stock?
ChartMill assigns a technical rating of 0 / 10 to BXC.
What is the trend direction for BXC stock?
The current trend direction for BLUELINX HOLDINGS INC (BXC) is Bearish.
Can you provide the RSI signal for BLUELINX HOLDINGS INC?
BLUELINX HOLDINGS INC (BXC) has an RSI value of 39.6937. 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 0.993866, 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.