BBB FOODS INC-CLASS A (TBBB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TBBB - VGG0896C1032 - Common Stock
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.
Besides having an excellent technical rating, TBBB also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for TBBB in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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23.96
5 important support areas can be observed.
- A support zone ranging from 32.83 to 33.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.14 from a horizontal line in the daily time frame.
- Support @28.31 from a trend line in the daily time frame.
- A support zone ranging from 24.84 to 25.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @24.20 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @33.23 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 | 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 | 85.31 | POSITIVE | TBBB has a high relative strength, it outperformed 85.31% 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) | 58.64 | NEUTRAL | The RSI value for TBBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests TBBB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.78 | NEUTRAL | The Stochastics value for TBBB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for TBBB suggests some volalility. |
| Average Directional Index/ADX (14) | 32.53 | POSITIVE | The high ADX value value for TBBB suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 33.24 | 32.82 | 0.42 (1.26%) | 25.00% |
| An entry @33.24. This is a Buy Stop order right above the resistance zone. | An exit @32.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.42 points, which is 1.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.32%. |
- The distance between exit and entry is rather small compared to the average daily movement of TBBB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
33.22
+1.07 (+3.33%)
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.
What is the current trend direction of BBB FOODS INC-CLASS A (TBBB) stock?
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 58.638. This indicates that the stock is currently neutral.
What is the MACD signal for TBBB stock?
The MACD indicator for BBB FOODS INC-CLASS A (TBBB) has a value of -0.243281, indicating a bearish trend.
What is the short term momentum for BBB FOODS INC-CLASS A (TBBB) stock?
The short term momentum for BBB FOODS INC-CLASS A (TBBB) is positive.