BBB FOODS INC-CLASS A (TBBB) Stock Technical Analysis
NYSE:TBBB - New York Stock Exchange, Inc. - VGG0896C1032 - Common Stock - Currency: USD
Overall TBBB gets a technical rating of 6 out of 10. In the last year, TBBB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TBBB did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TBBB is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 47% of 41 stocks in the same industry.
TBBB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TBBB is lagging the market slightly.
In the last month TBBB has a been trading in the 27.00 - 31.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TBBB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 29.75, a Stop Loss order could be placed below this zone.
More info and screens
25.67
31.52
3 important support areas can be observed.
- A support zone ranging from 29.70 to 29.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 27.76 to 28.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.93 to 26.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 29.96 to 30.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.98 to 31.21. This zone is formed by a combination of multiple trend lines 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 | 75.41 | POSITIVE | TBBB has a high relative strength, it outperformed 75.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TBBB is below a declining 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) | 53.23 | NEUTRAL | The RSI value for TBBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TBBB has a negative trend. |
| Stochastics (14,3) | 77.7 | NEUTRAL | The Stochastics value for TBBB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for TBBB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.69 | NEUTRAL | The ADX value for TBBB suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 30.40 | 29.69 | 0.71 (2.34%) | 25.00% |
| An entry @30.40. This is a Buy Stop order right above the resistance zone. | An exit @29.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.71 points, which is 2.34%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
29.79
-0.56 (-1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-1.85%
1 Week-1.36%
2 Weeks4.75%
1 Month-0.87%
3 Month6.28%
6 Month-12.56%
12 Month5.49%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.27
ATR(20)%3.76%
ATR Inc-17.76%
Range Today0.81
ADR(20)1.12
ADR(20)%3.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.41
Mansfield0.18
10 Day High31.29
10 Day Low27
20 Day High31.44
20 Day Low27
52 Week High35.22
52 Week Low21.39
CS1 End29.75
CR1 Start29.96
Volume & EV
DER(3)-1.83%
DER(5)-1.06%
Volume421.07K
Volume Incr-24.46%
Vol(5)505.63K
Vol(50)665.06K