Wells Fargo Bus Dev Comp ETN (BDCS) Stock Technical Analysis
NYSEARCA:BDCS - NYSE Arca -
We assign a technical rating of 7 out of 10 to BDCS. Although BDCS is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, BDCS is a bad performer in the overall market: 89% of all stocks are doing better.
Warning: BDCS has an average volume of 8518 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
BDCS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BDCS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BDCS is lagging the market.
Besides having an excellent technical rating, BDCS also presents 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 resistance zone just above the current price starting at 15.23. Right above this resistance zone may be a good entry point.
More info and screens
13.08
20.43
4 important support areas can be observed.
- A support zone ranging from 15.06 to 15.10. 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 14.29 to 14.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.71 to 13.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.21 to 13.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 15.23 to 15.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.68 from a horizontal line in the daily time frame.
- Resistance @20.23 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 BDCS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BDCS is up. |
| ChartMill Relative Strength | 11.18 | NEGATIVE | BDCS has a low relative strength, it was outperformed by 88.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BDCS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BDCS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BDCS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.35 | NEUTRAL | The RSI value for BDCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BDCS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.4 | OVERBOUGHT | The high Stochastics value suggests BDCS may be overbought. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for BDCS suggests some volalility. |
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 |
|---|---|---|---|
| 15.25 | 15.05 | 0.20 (1.31%) | 25.00% |
| An entry @15.25. This is a Buy Stop order right above the resistance zone. | An exit @15.05. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.20 points, which is 1.31%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.33%. |
- The distance between exit and entry is rather small compared to the average daily movement of BDCS. 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.
NYSEARCA:BDCS (11/25/2020, 8:04:01 PM)
15.225
+0 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.03%
1 Week-0.07%
2 Weeks1.77%
1 Month14.56%
3 Month6.36%
6 Month9.21%
12 Month-24.65%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%2%
ATR Inc-76.31%
Range Today0.09
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.18
Mansfield-1.33
10 Day High15.35
10 Day Low14.65
20 Day High15.35
20 Day Low13.14
52 Week High20.66
52 Week Low8.5
CS1 End15.1
CR1 Start15.23
Volume & EV
DER(3)1.27%
DER(5)-1.59%
Volume14.90K
Volume Incr171.84%
Vol(5)22.40K
Vol(50)8.52K