BBB FOODS INC-CLASS A (TBBB) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TBBB • VGG0896C1032
Taking everything into account, TBBB scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TBBB is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- TBBB is part of the Consumer Staples Distribution & Retail industry. There are 38 other stocks in this industry. TBBB outperforms 75% of them.
- A new 52 week high is currently being made by TBBB, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month TBBB has a been trading in the 31.03 - 38.37 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that TBBB is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TBBB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
24.21
4 important support areas can be observed.
- A support zone ranging from 33.24 to 34.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.77 from a trend line in the weekly time frame.
- Support @24.94 from a horizontal line in the weekly time frame.
- Support @24.45 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 | UP | POSITIVE | The long term trend for TBBB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TBBB is up. |
| ChartMill Relative Strength | 90.11 | POSITIVE | TBBB has a high relative strength, it outperformed 90.11% 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) | UP | POSITIVE | The current price of TBBB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.81 | OVERBOUGHT | The high RSI value suggests TBBB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests TBBB has a positive trend. |
| Stochastics (14,3) | 98.9 | OVERBOUGHT | The high Stochastics value suggests TBBB may be overbought. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for TBBB suggests some volalility. |
| Average Directional Index/ADX (14) | 21.46 | NEUTRAL | The ADX value for TBBB suggests a possible start of a new trend. |
38.17
+0.38 (+1.01%)
BBB FOODS INC-CLASS A / TBBB FAQ
Can you provide the ChartMill technical rating for BBB FOODS INC-CLASS A?
ChartMill assigns a technical rating of 9 / 10 to TBBB.
Can you provide the trend direction for BBB FOODS INC-CLASS A?
The current trend direction for BBB FOODS INC-CLASS A (TBBB) is Bullish.
What is the RSI signal for TBBB stock?
BBB FOODS INC-CLASS A (TBBB) has an RSI value of 70.8121. This indicates that the stock is currently overbought.
Can you provide the short term momentum for BBB FOODS INC-CLASS A?
The short term momentum for BBB FOODS INC-CLASS A (TBBB) is positive.
What is the buy/sell signal for TBBB stock?
The buy/sell signal for BBB FOODS INC-CLASS A (TBBB) is buy as both the short term and long term trends are positive.