Benefytt Technologies Inc. (BFYT) Stock Technical Analysis
NASDAQ:BFYT - Nasdaq -
We assign a technical rating of 6 out of 10 to BFYT. Although BFYT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
100% of all other stocks performed better in the past year than BFYT.
BFYT 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.
The long and short term trends are both positive. This is looking good!
BFYT 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
In the last month BFYT has a been trading in a tight range between 30.86 and 31.14.
Although the technical rating is only medium, BFYT does present a nice setup opportunity. 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 31.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BFYT 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
17.31
31.47
We found 4 important support areas.
- A support zone ranging from 30.86 to 30.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.00 from a trend line in the daily time frame.
- Support @18.35 from a trend line in the daily time frame.
- Support @17.48 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.05 to 31.16. 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
CRS0
Mansfield-30
10 Day High31.1
10 Day Low30.95
20 Day High31.14
20 Day Low30.86
52 Week High96.7
52 Week Low15.6
Performance
1 Week0.06%
2 Weeks-0.39%
1 Month-0.06%
3 Month43.19%
6 Month0%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)-0.36
RSI(14)72.93
LBB30.91
UBB31.08
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 |
|---|---|---|---|
| 31.17 | 30.94 | 0.23 (0.74%) | 25.00% |
| An entry @31.17. This is a Buy Stop order right above the resistance zone. | An exit @30.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.23 points, which is 0.74%. | For a 0.18% 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.
31
+0.03 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.1%
1 Week0.06%
2 Weeks-0.39%
1 Month-0.06%
3 Month43.19%
6 Month0%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.31%
ATR Inc-54.29%
Range Today0.02
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
CRS0
Mansfield-30
10 Day High31.1
10 Day Low30.95
20 Day High31.14
20 Day Low30.86
52 Week High96.7
52 Week Low15.6
CS1 End30.99
CR1 Start31.05
Volume & EV
DER(3)4.92%
DER(5)2.48%
Volume354.73K
Volume Incr-36.09%
Vol(5)286.90K
Vol(50)814.14K