BOISE CASCADE L.L.C. - Daily - Technical analysis published on 02/13/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 35.56 USD
My targets
39.85 USD (+3.43%)
43.65 USD (+13.29%)
My analysis
The bullish trend is currently very strong on BOISE CASCADE L.L.C.. As long as the price remains above the support at 35.56 USD, you could try to benefit from the boom. The first bullish objective is located at 39.85 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 43.65 USD as an objective. Crossing it would then enable buyers to target 46.53 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BOISE CASCADE L.L.C. price is 38.53 USD. The price has increased by -0.23% since the last closing and was between 38.26 USD and 38.81 USD. This implies that the price is at +0.71% from its lowest and at -0.72% from its highest.38.26
38.81
38.53
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BOISE CASCADE L.L.C. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.38 | 30.93 | 35.56 | 38.53 | 39.85 | 43.65 | 46.53 |
| Change (%) | -23.75% | -19.72% | -7.71% | - | +3.43% | +13.29% | +20.76% |
| Change | -9.15 | -7.60 | -2.97 | - | +1.32 | +5.12 | +8.00 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.41 | 37.90 | 38.26 | 38.75 | 39.11 | 39.60 | 39.96 |
| Camarilla | 38.39 | 38.46 | 38.54 | 38.62 | 38.70 | 38.78 | 38.85 |
| Woodie | 37.35 | 37.87 | 38.20 | 38.72 | 39.05 | 39.57 | 39.90 |
| Fibonacci | 37.90 | 38.23 | 38.43 | 38.75 | 39.08 | 39.28 | 39.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.85 | 35.04 | 36.23 | 37.42 | 38.61 | 39.80 | 40.99 |
| Camarilla | 36.78 | 36.99 | 37.21 | 37.43 | 37.65 | 37.87 | 38.09 |
| Woodie | 33.86 | 35.04 | 36.24 | 37.42 | 38.62 | 39.80 | 41.00 |
| Fibonacci | 35.04 | 35.95 | 36.51 | 37.42 | 38.33 | 38.89 | 39.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.34 | 32.83 | 34.52 | 37.01 | 38.70 | 41.19 | 42.88 |
| Camarilla | 35.05 | 35.43 | 35.82 | 36.20 | 36.58 | 36.97 | 37.35 |
| Woodie | 29.93 | 32.63 | 34.11 | 36.81 | 38.29 | 40.99 | 42.47 |
| Fibonacci | 32.83 | 34.43 | 35.42 | 37.01 | 38.61 | 39.60 | 41.19 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.43 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | 7.18 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 38.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.21 | |
| Elder Ray (13): | 0.67 | |
| Super Trend (3,10): | 39.00 | |
| Zig ZAG (10): | 38.53 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 87.63 | |
| TEMA (21): | 38.16 | |
| Williams %R (14): | -18.21 | |
| Chande Momentum Oscillator (20): | 1.23 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 2.24 |
| MA7: | 38.17 | |
| MA20: | 37.64 | |
| MA50: | 37.43 | |
| MA100: | 35.93 | |
| MAexp7: | 38.12 | |
| MAexp20: | 37.70 | |
| MAexp50: | 37.16 | |
| MAexp100: | 35.60 | |
| Price / MA7: | +0.94% | |
| Price / MA20: | +2.36% | |
| Price / MA50: | +2.94% | |
| Price / MA100: | +7.24% | |
| Price / MAexp7: | +1.08% | |
| Price / MAexp20: | +2.20% | |
| Price / MAexp50: | +3.69% | |
| Price / MAexp100: | +8.23% |
News
The latest news and videos published on BOISE CASCADE L.L.C. at the time of the analysis were as follows:
- Boise Cascade Company Fourth Quarter 2019 Earnings Webcast and Conference Call
- Boise Cascade announces new officer appointments
- Boise Cascade announces CEO transition
- Boise Cascade Company Reports Third Quarter 2019 Net Income of $27.2 Million on Sales of $1.3 Billion
- Boise Cascade Company Announces a Quarterly Dividend Increase and Supplemental Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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