We assign a technical rating of 8 out of 10 to BBLU. Both in the recent history as in the last year, BBLU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, BBLU also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BBLU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.65
2 important support areas can be observed.
- A support zone ranging from 14.86 to 15.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.77 to 11.82. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.42 to 15.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 BBLU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBLU is up. |
| ChartMill Relative Strength | 71.54 | POSITIVE | BBLU has a high relative strength, it outperformed 71.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBLU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBLU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBLU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.6 | NEUTRAL | The RSI value for BBLU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BBLU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.99 | OVERBOUGHT | The high Stochastics value suggests BBLU may be overbought. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for BBLU suggests low volalility. |
| Average Directional Index/ADX (14) | 13.71 | NEGATIVE | The low ADX value for BBLU suggests a weak or negative 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 |
|---|---|---|---|
| 15.43 | 15.30 | 0.13 (0.87%) | 25.00% |
| An entry @15.43. This is a Buy Stop order right above the 10 day moving average. | An exit @15.30. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.13 points, which is 0.87%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- The distance between exit and entry is rather small compared to the average daily movement of BBLU. 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.
15.42
-0.12 (-0.77%)
EA BRIDGEWAY BLUE CHIP ETF / BBLU FAQ
Can you provide the ChartMill technical rating for EA BRIDGEWAY BLUE CHIP ETF?
ChartMill assigns a technical rating of 8 / 10 to BBLU.
What is the trend direction for BBLU stock?
The current trend direction for EA BRIDGEWAY BLUE CHIP ETF (BBLU) is Bullish.
What is the RSI signal for EA BRIDGEWAY BLUE CHIP ETF (BBLU) stock?
EA BRIDGEWAY BLUE CHIP ETF (BBLU) has an RSI value of 53.5989. This indicates that the stock is currently neutral.
What is the MACD signal for EA BRIDGEWAY BLUE CHIP ETF (BBLU) stock?
The MACD indicator for EA BRIDGEWAY BLUE CHIP ETF (BBLU) has a value of 0.0141494, indicating a bearish trend.
What is the buy/sell signal for EA BRIDGEWAY BLUE CHIP ETF (BBLU) stock?
The buy/sell signal for EA BRIDGEWAY BLUE CHIP ETF (BBLU) is buy as both the short term and long term trends are positive.