TSX:BYD - Toronto Stock Exchange - CA1033101082 - Common Stock - Currency: CAD
Overall BYD gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BYD is a bad performer.
BYD has an excellent technical rating and 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 support zone below the current price at 234.83, a Stop Loss order could be placed below this zone.
201.63
3 important support areas can be observed.
When analyzing the resistance we notice one important area.
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 |
---|---|---|---|
244.26 | 237.39 | 6.87 (2.81%) | 25.00% |
An entry @244.26. This is a Buy Stop order right above the resistance zone. | An exit @237.39. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.87 points, which is 2.81%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
TSX:BYD (3/7/2025, 7:00:00 PM)
241.06
-0.02 (-0.01%)