BELLATRIX EXPLORATION LTD (BXE) Stock Technical Analysis
NYSE:BXE - New York Stock Exchange, Inc. - CA0783145075
Taking everything into account, BXE scores 0 out of 10 in our technical rating. BXE'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.
BXE 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 0.52. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for BXE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2 important resistance areas can be observed.
- A resistance zone ranging from 0.52 to 0.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.68 from a trend 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 BXE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BXE is down. |
| ChartMill Relative Strength | 1.87 | NEGATIVE | BXE has a low relative strength, it was outperformed by 98.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BXE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BXE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BXE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.15 | NEUTRAL | The RSI value for BXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BXE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65 | NEUTRAL | The Stochastics value for BXE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.99 | HIGH VOLATILITY | The high ATR as a percentage value for BXE suggests high volalility. |
NYSE:BXE (2/11/2019, 8:18:48 PM)
0.46
-0.01 (-3.16%)