Tue 18'th Sep 2018
BlueLinx Holdings Inc Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||5.43% ( 2018-08-31 )|
BlueLinx Holdings Inc gained 0.98% in the last trading day, rising from $37.83 to $38.20 The price has risen in 6 of the last 10 days and is up by 5.41% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 37 136 more shares were traded than the day before. In total, 255 720 shares bought and sold for approximately $9.77 million.
Given the current horizontal trend you can expect BlueLinx Holdings Inc with 90% probability to be traded between $31.88 and $41.52 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
BlueLinx Holdings Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $39.50. On a fall, the stock will find some support from the long-term average at approximately $36.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday September 17, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
BlueLinx Holdings Inc finds support from accumulated volume at $37.51.
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 $1.23 between high and low, or 3.32%. For the last week, the stock has had a daily average volatility of 5.13%.
Our recommended stoploss: $35.90 (-6.03%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
Very Low Low Medium High Very High
BlueLinx Holdings Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.Click for Top 5 Hold/Accumulates
|BXC $38.20 $0.37(0.98%)|
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