BLUELINX HOLDINGS INC (BXC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BXC - US09624H2085 - Common Stock
61.43 USD
-0.18 (-0.29%)
61.43 USD
0 (0%)
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 part of the Trading Companies & Distributors industry. There are 50 other stocks in this industry, of which 81% are performing better than BXC.
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 58.47 - 67.29 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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BXC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
60.82
131.61
When analyzing the resistance we notice 7 important areas.
- A resistance zone ranging from 62.34 to 63.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 64.52 to 65.28. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @66.73 from a horizontal line in the daily time frame.
- Resistance @69.01 from a trend line in the weekly time frame.
- Resistance @73.79 from a trend line in the weekly time frame.
- Resistance @84.22 from a horizontal line in the daily 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 | 13.36 | NEGATIVE | BXC has a low relative strength, it was outperformed by 86.64% 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) | 47.02 | NEUTRAL | The RSI value for BXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests BXC has a negative trend. |
| Stochastics (14,3) | 27.63 | NEUTRAL | The Stochastics value for BXC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for BXC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.33 | 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)
61.43
-0.18 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.29%
1 Week-0.07%
2 Weeks-3.29%
1 Month-0.21%
3 Month-15.15%
6 Month-26.98%
12 Month-39.2%
2 Year-45.79%
3 Year-13.61%
5 Year109.95%
10 Year1059.06%
15 Year67.84%
Volatility
ATR(14)2.15
ATR(20)%4.2%
ATR Inc-34.29%
Range Today2.02
ADR(20)2.54
ADR(20)%4.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.36
3 months CRS19.99
6 months CRS12.84
Mansfield-2.69
10 Day High65.23
10 Day Low60.02
20 Day High67.29
20 Day Low58.47
52 Week High114.19
52 Week Low52.71
CS1 EndN/A
CR1 Start62.34
Volume & EV
DER(3)-0.27%
DER(5)-0.24%
Volume81.60K
Volume Incr-50.26%
Vol(5)51.92K
Vol(50)94.58K
BLUELINX HOLDINGS INC / BXC FAQ
What is the technical rating for BXC stock?
ChartMill assigns a technical rating of 0 / 10 to BXC.
What is the current trend direction of BLUELINX HOLDINGS INC (BXC) stock?
The current trend direction for BLUELINX HOLDINGS INC (BXC) is Bearish.
What is the RSI signal for BXC stock?
BLUELINX HOLDINGS INC (BXC) has an RSI value of 47.0214. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BLUELINX HOLDINGS INC?
The short term momentum for BLUELINX HOLDINGS INC (BXC) is neutral.