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BASSETT FURNITURE INDS (BSET) Stock Technical Analysis

NASDAQ:BSET - Nasdaq - US0702031040 - Common Stock - Currency: USD

15.13  -0.4 (-2.58%)

Technical Rating and Analysis

6

Overall BSET gets a technical rating of 6 out of 10. In the last year, BSET was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, BSET is a bad performer in the overall market: 64% of all stocks are doing better.
Warning: BSET has an average volume of 15692 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
BSET is part of the Household Durables industry. There are 67 other stocks in this industry. BSET outperforms 77% of them.
BSET is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BSET is lagging the market slightly.
In the last month BSET has a been trading in the 13.62 - 15.53 range, which is quite wide. It is currently trading near the high of this range.

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Weekly and Daily overview Charts
BASSETT FURNITURE INDS / BSET Weekly stock chart
BASSETT FURNITURE INDS / BSET Daily stock chart
Setup Rating and Analysis

8

BSET has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 15.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.47, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BSET 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.

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Support and Resistance Analysis

13.49

15.70

When analyzing the support we notice one important area.

  • A support zone ranging from 13.63 to 14.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 2 important resistance areas.

  • Resistance @15.24 from a horizontal line in the weekly time frame.
  • Resistance @15.54 from a horizontal line in the daily time frame.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.37
Mansfield-0.11
10 Day High15.53
10 Day Low13.82
20 Day High15.53
20 Day Low13.62
52 Week High15.96
52 Week Low12.11
Performance
1 Week2.3%
2 Weeks8.38%
1 Month5.44%
3 Month1.27%
6 Month14.27%
12 Month-4.24%
2 Year-18.44%
3 Year-13.79%
5 Year53.29%
10 Year-41.15%
15 Year269.02%

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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)

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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)0.14
RSI(14)60.43
LBB13.34
UBB15.82

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
15.2513.811.44 (9.44%)10.59%
An entry @15.25. This is a Buy Stop order right above the resistance zone.An exit @13.81. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 1.44 points, which is 9.44%.When investing 10.59% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.

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BASSETT FURNITURE INDS / BSET Daily stock chart

BASSETT FURNITURE INDS

NASDAQ:BSET (2/21/2025, 8:04:22 PM)

15.13

-0.4 (-2.58%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-2.58%
1 Week2.3%
2 Weeks8.38%
1 Month5.44%
3 Month1.27%
6 Month14.27%
12 Month-4.24%
2 Year-18.44%
3 Year-13.79%
5 Year53.29%
10 Year-41.15%
15 Year269.02%
Volatility
ATR(14)0.58
ATR(20)%4.06%
ATR Inc-9.19%
Range Today0.85
ADR(20)0.61
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.37
Mansfield-0.11
10 Day High15.53
10 Day Low13.82
20 Day High15.53
20 Day Low13.62
52 Week High15.96
52 Week Low12.11
CS1 End14.47
CR1 Start15.24
Volume & EV
DER(3)-2.54%
DER(5)9.81%
Volume7.30K
Volume Incr-11.38%
Vol(5)16.90K
Vol(50)15.69K