BECN NEWS why is Beacon Roofing Supply, Inc. price falling or rising

BECN NEWS reasons for why stock price of Beacon Roofing Supply, Inc. is falling or rising

BECN Beacon Roofing is falling or rising technical reasons

Technical analysis forecast of Beacon Roofing Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Beacon Roofing BECN at this time. Stock is rising and might rise more.

It appears as if Beacon Roofing BECN gave a large move recently.

Stock of Beacon Roofing (BECN) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Beacon Roofing is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Beacon Roofing stays above 106.5, but if it comes below 106.5, then a intra day sell could be more profitable.
If you take a sell trade below 106.5, then use 106.5 as stoploss and 100.79 as target. However if you take a buy trade in Beacon Roofing, then use 106.5 as stoploss and 113.3 as target.

BECN Beacon Roofing is falling or rising NEWS fundamental reasons

More announcements and NEWS

BECN Beacon Roofing Supply, Inc. current price & indicator signals

Moving Averages for Beacon Roofing Supply, Inc.

  • 5Day Average: 105.28
  • 12Day Average: 103.25
  • 20Day Average: 99.45
  • 50Day Average: 93.31
  • 100Day Average: 91.63
  • 150Day Average: 92.84
  • 200Day Average: 92.55

BECN Indicators & signals

Indicator MACD (12,26,9)

103.32, 99.33, 3.21
Indicator MACD is in positive zone

Indicator ADX (14)

53.85, 42.82, 12.85
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BECN Beacon Roofing Supply, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
20 Wed Nov 2024 108.94 108.14 to 110.21 -0.27% 0.53 times
19 Tue Nov 2024 109.24 106.84 to 110.63 0.67% 1.64 times
18 Mon Nov 2024 108.51 98.90 to 116.30 9.88% 2.81 times
15 Fri Nov 2024 98.75 98.46 to 101.44 -2.18% 0.48 times
14 Thu Nov 2024 100.95 100.71 to 103.27 -1.4% 0.69 times
13 Wed Nov 2024 102.38 102.10 to 105.78 -1.42% 0.7 times
12 Tue Nov 2024 103.85 103.48 to 105.13 -1.29% 0.81 times
11 Mon Nov 2024 105.21 104.19 to 105.84 1.9% 0.6 times
08 Fri Nov 2024 103.25 101.83 to 104.15 1.02% 0.63 times
07 Thu Nov 2024 102.21 99.39 to 102.89 1.48% 0.66 times
06 Wed Nov 2024 100.72 97.96 to 102.82 6.05% 0.99 times
05 Tue Nov 2024 94.97 92.50 to 95.06 1.62% 0.33 times

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BECN NEWS why is Beacon Roofing Supply, Inc. price falling or rising

 

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