BlueLinx Holdings Inc Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
|Shorts||5.27% ( 2018-11-15 )|
BlueLinx Holdings Inc gained 2.40% in the last trading day, rising from $22.08 to $22.61 The price has been going up and down for this period, and there has been a -10.63% loss for the last 2 weeks. Volume fell in the last day by -35 582 shares, and in total, 116 762 shares bought and sold for approximately $2.64 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
BlueLinx Holdings Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.97% during the next 3 months and, with 90% probability hold a price between $10.72 and $17.37 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday December 11, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. BlueLinx Holdings Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $24.19 and $24.32. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
BlueLinx Holdings Inc finds support from accumulated volume at $22.05.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.01 between high and low, or 4.52%. For the last week, the stock has had a daily average volatility of 5.81%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
BlueLinx Holdings Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
|BXC $22.61 $0.53(2.40%)|
BXC is up $0.53 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for BXC based on the 1-3 month system that more than doubles the S&P 500.
Click here – the BXC analysis is free »