BEACON ROOFING SUPPLY INC (BECN) Stock Technical Analysis
NASDAQ:BECN - Nasdaq - US0736851090 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to BECN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BECN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
BECN is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry. BECN outperforms 87% of them.
A new 52 week high is currently being made by BECN, which is a very good signal! Especially since the S&P500 is only trading in the middle part of its 52 week range, so BECN is leading the market.
BECN has an average volume of 2726700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BECN is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month BECN has a been trading in a tight range between 121.16 and 124.19.
BECN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 124.20. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
82.87
125.44
When analyzing the support we can see 4 important areas.
- A support zone ranging from 119.33 to 120.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 111.10 to 111.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @90.45 from a trend line in the weekly time frame.
- Support @83.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 124.20 to 124.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.72
Mansfield2.44
10 Day High124.19
10 Day Low122.67
20 Day High124.19
20 Day Low121.16
52 Week High124.19
52 Week Low77.54
Performance
1 Week0.27%
2 Weeks1.05%
1 Month0.27%
3 Month4.87%
6 Month33.02%
12 Month25.44%
2 Year106.36%
3 Year108.27%
5 Year464.5%
10 Year317.87%
15 Year459.41%
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)
Technical Indicators
MACD(12,26,9)-0.12
RSI(14)64.09
LBB121.83
UBB124.75
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 |
|---|---|---|---|
| 124.21 | 122.66 | 1.55 (1.25%) | 25.00% |
| An entry @124.21. This is a Buy Stop order right above the resistance zone. | An exit @122.66. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.55 points, which is 1.25%. | For a 0.31% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
124.19
+0.1 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.08%
1 Week0.27%
2 Weeks1.05%
1 Month0.27%
3 Month4.87%
6 Month33.02%
12 Month25.44%
2 Year106.36%
3 Year108.27%
5 Year464.5%
10 Year317.87%
15 Year459.41%
Volatility
ATR(14)0.75
ATR(20)%0.53%
ATR Inc-86.33%
Range Today0.14
ADR(20)0.64
ADR(20)%0.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.72
Mansfield2.44
10 Day High124.19
10 Day Low122.67
20 Day High124.19
20 Day Low121.16
52 Week High124.19
52 Week Low77.54
CS1 End120.37
CR1 Start124.2
Volume & EV
DER(3)-0.42%
DER(5)-1.67%
Volume1.37M
Volume Incr-51.84%
Vol(5)1.97M
Vol(50)2.73M