BELLATRIX EXPLORATION LTD (BXE) Stock Technical Analysis
NYSE:BXE • CA0783145075
We assign a technical rating of 0 out of 10 to BXE. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 99% of all other stocks performed better in the past year than BXE.
- BXE 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 BXE has a been trading in the 0.35 - 0.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BXE does present a nice setup opportunity. 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.
More info and screens
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When analyzing the resistance we notice 2 important areas.
- 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%)
BELLATRIX EXPLORATION LTD / BXE FAQ
What is the ChartMill technical rating of BELLATRIX EXPLORATION LTD (BXE) stock?
ChartMill assigns a technical rating of 0 / 10 to BXE.
Can you provide the trend direction for BELLATRIX EXPLORATION LTD?
The current trend direction for BELLATRIX EXPLORATION LTD (BXE) is Bearish.
What is the RSI signal for BXE stock?
BELLATRIX EXPLORATION LTD (BXE) has an RSI value of 43.1528. This indicates that the stock is currently neutral.
What is the MACD signal for BXE stock?
The MACD indicator for BELLATRIX EXPLORATION LTD (BXE) has a value of 0.00907679, indicating a bearish trend.
What is the buy/sell signal for BXE stock?
The buy/sell signal for BELLATRIX EXPLORATION LTD (BXE) is sell as both the short term and long term trends are negative.