BALCHEM CORP.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	BCPC
ISIN:

BALCHEM CORP. - Daily - Technical analysis published on 07/24/2019 (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

61%

11%

28%

My opinion

Bullish above 97.06 USD

My targets

102.89 USD (+3.14%)

116.69 USD (+16.97%)

My analysis

BALCHEM CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 97.06 USD. The next resistance located at 102.89 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 116.69 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BALCHEM CORP. rating 99.76 USD. The price has increased by +1.80% since the last closing and was between 97.91 USD and 99.97 USD. This implies that the price is at +1.89% from its lowest and at -0.21% from its highest.

97.91

99.97

99.76

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BALCHEM CORP. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	80.69	88.93	97.06	99.76	102.89	116.69
Change (%)	-19.12%	-10.86%	-2.71%	-	+3.14%	+16.97%
Change	-19.07	-10.83	-2.70	-	+3.13	+16.93
Level	Minor	Major	Major	-	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	96.23	96.71	97.35	97.83	98.47	98.95	99.59
Camarilla	97.69	97.80	97.90	98.00	98.10	98.21	98.31
Woodie	96.32	96.75	97.44	97.87	98.56	98.99	99.68
Fibonacci	96.71	97.14	97.40	97.83	98.26	98.52	98.95

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	93.16	94.91	96.31	98.06	99.46	101.21	102.61
Camarilla	96.85	97.14	97.43	97.72	98.01	98.30	98.59
Woodie	93.00	94.82	96.15	97.97	99.30	101.12	102.45
Fibonacci	94.91	96.11	96.85	98.06	99.26	100.00	101.21

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.19	84.74	92.36	97.91	105.53	111.08	118.70
Camarilla	96.35	97.56	98.76	99.97	101.18	102.38	103.59
Woodie	80.22	85.26	93.39	98.43	106.56	111.60	119.73
Fibonacci	84.74	89.77	92.88	97.91	102.94	106.05	111.08

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.91
MACD (12,26,9):	0.3400
Directional Movement:	4.18
AROON (14):	57.14
DEMA (21):	98.80
Parabolic SAR (0,02-0,02-0,2):	100.83
Elder Ray (13):	0.46
Super Trend (3,10):	93.67
Zig ZAG (10):	99.76
VORTEX (21):	0.9500
Stochastique (14,3,5):	59.65
TEMA (21):	98.76
Williams %R (14):	-5.12
Chande Momentum Oscillator (20):	0.26
Repulse (5,40,3):	2.0300
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	0.45

MA7:	98.55
MA20:	98.43
MA50:	97.02
MA100:	96.46
MAexp7:	98.62
MAexp20:	98.32
MAexp50:	97.46
MAexp100:	95.88
Price / MA7:	+1.23%
Price / MA20:	+1.35%
Price / MA50:	+2.82%
Price / MA100:	+3.42%
Price / MAexp7:	+1.16%
Price / MAexp20:	+1.46%
Price / MAexp50:	+2.36%
Price / MAexp100:	+4.05%

News

The last news published on BALCHEM CORP. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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