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(BECN) Beacon Roofing complete technical analysis [charts+indicators] | Buy/Sell Beacon Roofing | (BECN) share price targets

Complete technical analysis of Beacon Roofing (BECN) by charts plus indicators, forecast predictions and share price targets for Beacon Roofing (BECN)

Beacon Roofing trades in USA in Consumer Services sector.

Showing technical analysis as on 2024-08-30 View latest technical analysis

10 day averaged volume of Beacon Roofing is 550590

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	90.60	89.83	90.76	88.60	1.252 times
30 Fri Aug 2024	90.60	89.83	90.76	88.60	1.252 times
29 Thu Aug 2024	89.13	89.61	90.18	87.32	1.23 times
28 Wed Aug 2024	88.83	88.84	89.21	87.90	0.94 times
27 Tue Aug 2024	89.23	90.36	90.75	89.03	1.027 times
26 Mon Aug 2024	90.65	91.64	92.81	90.33	1.374 times
23 Fri Aug 2024	90.60	88.57	91.18	88.07	1.346 times
22 Thu Aug 2024	87.33	87.35	87.89	86.63	0.847 times
21 Wed Aug 2024	86.75	86.58	87.37	85.57	0.756 times
20 Tue Aug 2024	85.44	86.28	86.60	85.03	0.634 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 89.6, but if it comes below 89.6, then a intra day sell could be more profitable.
If you take a sell trade below 89.6, then use 89.6 as stoploss and 86.83 as target. However if you take a buy trade in stock , then use 89.6 as stoploss and 92.9 as target.

Share price targets for Beacon Roofing (BECN)

Target Type	Value
Downside Target	77.54
Downside Target	83.04
Downside Target	85.03
Upside Target	90.76
Upside Target	92.00
Upside Target	92.16
Upside Target	92.81
Upside Target	102.83
Upside Target	103.54
Upside Target	103.75
Upside Target	103.95
Upside Target	105.42

Intraday share price targets for Beacon Roofing (BECN)

Target Type	Value
Downside Intraday Target	89.21
Downside Intraday Target	87.83
Upside Intraday Target	91.37
Upside Intraday Target	92.15
Downside Intraday Target	89.99

Weekly technical analysis of Beacon Roofing (BECN)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	90.60	89.83	90.76	88.60	0.215 times
30 Fri Aug 2024	90.60	91.64	92.81	87.32	1.394 times
23 Fri Aug 2024	90.60	86.72	91.18	85.03	0.613 times
16 Fri Aug 2024	86.17	85.46	88.53	83.04	0.556 times
09 Fri Aug 2024	85.93	81.07	86.22	77.54	1.108 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Beacon Roofing (BECN)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	90.60	102.19	103.95	77.54	1.434 times
31 Wed Jul 2024	102.80	91.37	105.42	86.57	0.961 times
28 Fri Jun 2024	90.50	97.94	103.54	88.55	1.108 times
31 Fri May 2024	97.06	98.03	103.75	92.16	1.001 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Beacon Roofing (BECN)

Price action analysis of Beacon Roofing ( (BECN) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Beacon Roofing ( (BECN) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Beacon Roofing ( (BECN) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Beacon Roofing ( (BECN) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Beacon Roofing stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Beacon Roofing in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Beacon Roofing Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Beacon Roofing in short term

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Beacon Roofing is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 89.31 and Beacon Roofing (BECN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Beacon Roofing (BECN) stock. Volume based technical analysis of Beacon Roofing (BECN) stock is negative.

Beacon Roofing Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.