Taking everything into account, BSET scores 8 out of 10 in our technical rating. In the past year, BSET was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Although BSET has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
13.71
We found 3 important support areas.
- A support zone ranging from 15.09 to 15.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.26 to 14.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.85 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.70 to 18.80. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for BSET is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BSET is up. |
| ChartMill Relative Strength | 74.07 | POSITIVE | BSET has a high relative strength, it outperformed 74.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BSET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BSET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BSET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.46 | NEUTRAL | The RSI value for BSET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests BSET has a positive trend. |
| Stochastics (14,3) | 96.35 | OVERBOUGHT | The high Stochastics value suggests BSET may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for BSET suggests some volalility. |
| Average Directional Index/ADX (14) | 19.59 | NEGATIVE | The low ADX value for BSET suggests a weak or negative trend. |
16.96
-0.09 (-0.5%)
BASSETT FURNITURE INDS / BSET FAQ
What is the ChartMill technical rating of BASSETT FURNITURE INDS (BSET) stock?
ChartMill assigns a technical rating of 8 / 10 to BSET.
Can you provide the trend direction for BASSETT FURNITURE INDS?
The current trend direction for BASSETT FURNITURE INDS (BSET) is Bearish.
What is the RSI signal for BSET stock?
BASSETT FURNITURE INDS (BSET) has an RSI value of 68.4566. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BASSETT FURNITURE INDS?
BASSETT FURNITURE INDS (BSET) has a support level at 15.84 and a resistance level at 18.7. Check the full technical report for our detailed analysis of BSET support and resistance levels.