TBBB Technical Analysis - BBB FOODS INC-CLASS A

Technical Rating and Analysis

Taking everything into account, TBBB scores 0 out of 10 in our technical rating. TBBB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

83% of all other stocks performed better in the past year than TBBB.

TBBB is one of the lesser performing stocks in the Consumer Staples Distribution & Retail industry. 68% of 39 stocks in the same industry do better.

TBBB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month TBBB has a been trading in the 23.81 - 27.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BBB FOODS INC-CLASS A / TBBB Weekly stock chart

BBB FOODS INC-CLASS A / TBBB Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, TBBB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 25.06, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.86

31.33

We found 2 important support areas.

A support zone ranging from 24.57 to 25.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 24.10 to 24.10. This zone is formed by a combination of multiple trend lines in the daily time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 25.46 to 25.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 26.54 to 26.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 27.79 to 28.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @31.02 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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 TBBB is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TBBB is down.
ChartMill Relative Strength	17.84	NEGATIVE	TBBB has a low relative strength, it was outperformed by 82.16% 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)	DOWN	NEGATIVE	The current price of TBBB is below a declining 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)	49.34	NEUTRAL	The RSI value for TBBB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.1	NEGATIVE	The MACD value suggests TBBB has a negative trend, although the MACD value is rising.
Stochastics (14,3)	28.29	NEUTRAL	The Stochastics value for TBBB is a neutral value.
Average True Range in percent/ATR (20)	3.7	MEDIUM VOLATILITY	The ATR as a percentage value for TBBB suggests some volalility.
Average Directional Index/ADX (14)	18.3	NEGATIVE	The low ADX value for TBBB suggests a weak or negative trend.