Bonanza Creek Energy Inc (BCEI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BCEI -
We assign a technical rating of 10 out of 10 to BCEI. Both in the recent history as in the last year, BCEI has proven to be a steady performer, scoring decent points in every aspect analyzed.
BCEI has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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33.93
When analyzing the support we can see 4 important areas.
- A support zone ranging from 55.67 to 56.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.24 from a horizontal line in the daily time frame.
- A support zone ranging from 37.03 to 37.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.27 from a trend 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 BCEI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCEI is up. |
| ChartMill Relative Strength | 97.67 | POSITIVE | BCEI has a high relative strength, it outperformed 97.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCEI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCEI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCEI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.7 | NEUTRAL | The RSI value for BCEI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests BCEI has a negative trend. |
| Stochastics (14,3) | 64.57 | NEUTRAL | The Stochastics value for BCEI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for BCEI suggests some volalility. |
56.1
-0.04 (-0.07%)
Bonanza Creek Energy Inc / BCEI FAQ
What is the ChartMill technical rating of Bonanza Creek Energy Inc (BCEI) stock?
ChartMill assigns a technical rating of 10 / 10 to BCEI.
Can you provide the trend direction for Bonanza Creek Energy Inc?
The current trend direction for Bonanza Creek Energy Inc (BCEI) is Bullish.
Can you provide the RSI signal for Bonanza Creek Energy Inc?
Bonanza Creek Energy Inc (BCEI) has an RSI value of 64.7003. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Bonanza Creek Energy Inc?
The short term momentum for Bonanza Creek Energy Inc (BCEI) is positive.
What is the support and resistance level for BCEI stock?
Bonanza Creek Energy Inc (BCEI) has a support level at 56.09. Check the full technical report for our detailed analysis of BCEI support and resistance levels.