The Hourly View for BECN
Currently, BECN (Get Ratings)’s price is up $0.02 (0.03%) from the hour prior. This is the 2nd hour in a row BECN has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Out of Wholesale stocks, BECN ranks 37th in regards to today’s price percentage change.
BECN’s Technical Outlook on the Daily Chart
At the moment, BECN’s price is up $0.48 (0.94%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them with price now being above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Beacon Roofing Supply Inc’s price action over the past 90 days can be seen via the chart below.
BECN: Daily RSI Analysis
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