BROADWAY FINANCIAL CORP/DE (BYFC) Stock Technical Analysis
NASDAQ:BYFC - Nasdaq - US1114447097 - Common Stock - Currency: USD
Taking everything into account, BYFC scores 6 out of 10 in our technical rating. In the last year, BYFC was one of the better performers, but we do observe some doubts in the very recent evolution.
Warning: BYFC has an average volume of 5454 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
BYFC is part of the Banks industry. There are 404 other stocks in this industry. BYFC outperforms 78% of them.
Looking at the yearly performance, BYFC did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BYFC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BYFC is lagging the market.
In the last month BYFC has a been trading in the 7.26 - 8.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
BYFC has only a medium technical rating, but it does show 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 7.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BYFC 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
6.73
8.16
We found 3 important support areas.
- A support zone ranging from 7.40 to 7.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.22 from a trend line in the daily time frame.
- A support zone ranging from 6.80 to 6.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 7.88 to 8.08. 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
CRS84.15
Mansfield1.3
10 Day High8
10 Day Low7.26
20 Day High8.35
20 Day Low7.26
52 Week High9.46
52 Week Low4.41
Performance
1 Week2.04%
2 Weeks-4.57%
1 Month-4.57%
3 Month6.98%
6 Month11.17%
12 Month27.29%
2 Year-28.34%
3 Year-44.12%
5 Year-35.26%
10 Year-31.48%
15 Year-84.22%
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)-0.04
RSI(14)47.63
LBB7.31
UBB7.97
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 |
|---|---|---|---|
| 7.62 | 7.39 | 0.22 (2.95%) | 25.00% |
| An entry @7.62. This is a Buy Stop order right above the 10 day moving average. | An exit @7.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.22 points, which is 2.95%. | For a 0.74% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BYFC. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:BYFC (2/21/2025, 8:04:47 PM)
7.51
-0.21 (-2.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.72%
1 Week2.04%
2 Weeks-4.57%
1 Month-4.57%
3 Month6.98%
6 Month11.17%
12 Month27.29%
2 Year-28.34%
3 Year-44.12%
5 Year-35.26%
10 Year-31.48%
15 Year-84.22%
Volatility
ATR(14)0.31
ATR(20)%3.98%
ATR Inc-13.85%
Range Today0.19
ADR(20)0.24
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.15
Mansfield1.3
10 Day High8
10 Day Low7.26
20 Day High8.35
20 Day Low7.26
52 Week High9.46
52 Week Low4.41
CS1 End7.5
CR1 Start7.88
Volume & EV
DER(3)23.57%
DER(5)14.57%
Volume2.60K
Volume Incr-60.36%
Vol(5)2.62K
Vol(50)5.45K