BBB FOODS INC-CLASS A (TBBB) Stock Technical Analysis
NYSE:TBBB - VGG0896C1032 - Common Stock
26.9 USD
+0.44 (+1.66%)
26.9 USD
0 (0%)
Overall TBBB gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. TBBB was also a bad performer in the overall market in the last year.
85% of all other stocks performed better in the past year than TBBB.
TBBB is part of the Consumer Staples Distribution & Retail industry. There are 41 other stocks in this industry, of which 77% are performing better than TBBB.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TBBB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TBBB is lagging the market.
In the last month TBBB has a been trading in the 24.06 - 28.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, TBBB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 26.48, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
23.86
31.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 25.88 to 26.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.57 to 25.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.10 to 24.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @27.29 from a trend line in the daily time frame.
- A resistance zone ranging from 27.79 to 28.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.47 from a trend line in the daily time frame.
- Resistance @30.39 from a horizontal line in the weekly time frame.
- Resistance @30.98 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for TBBB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TBBB is up. |
| ChartMill Relative Strength | 15.3 | NEGATIVE | TBBB has a low relative strength, it was outperformed by 84.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TBBB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TBBB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TBBB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.47 | NEUTRAL | The RSI value for TBBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests TBBB has a positive trend. |
| Stochastics (14,3) | 45.55 | NEUTRAL | The Stochastics value for TBBB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for TBBB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.71 | NEGATIVE | The low ADX value for TBBB 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)
26.9
+0.44 (+1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg1.66%
1 Week4.06%
2 Weeks3.14%
1 Month5.49%
3 Month-6.79%
6 Month1.05%
12 Month-15.36%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.03
ATR(20)%3.6%
ATR Inc-15.62%
Range Today0.92
ADR(20)0.96
ADR(20)%3.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.3
Mansfield-1.45
10 Day High27.28
10 Day Low24.83
20 Day High28.54
20 Day Low24.06
52 Week High35.22
52 Week Low23
CS1 End26.48
CR1 Start27.29
Volume & EV
DER(3)1.76%
DER(5)2.13%
Volume530.90K
Volume Incr-12.68%
Vol(5)515.52K
Vol(50)635.01K