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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 2024-09-04 View latest technical analysis

10 day averaged volume of Beacon Roofing is 610810

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	84.69	85.21	85.41	84.00	1.415 times
03 Tue Sep 2024	86.13	89.86	90.59	85.94	0.963 times
30 Fri Aug 2024	90.60	89.83	90.76	88.60	1.129 times
30 Fri Aug 2024	90.60	89.83	90.76	88.60	1.129 times
29 Thu Aug 2024	89.13	89.61	90.18	87.32	1.109 times
28 Wed Aug 2024	88.83	88.84	89.21	87.90	0.847 times
27 Tue Aug 2024	89.23	90.36	90.75	89.03	0.926 times
26 Mon Aug 2024	90.65	91.64	92.81	90.33	1.238 times
23 Fri Aug 2024	90.60	88.57	91.18	88.07	1.213 times
22 Thu Aug 2024	87.33	87.35	87.89	86.63	0.763 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 84.9, but if it comes above 84.9, then a intra day buy could be more profitable.
If you take a sell trade below 84.9, then use 84.9 as stoploss and 82.2 as target. However if you take a buy trade in stock , then use 84.9 as stoploss and 87.2 as target.

Share price targets for Beacon Roofing (BECN)

Target Type	Value
Downside Target	77.54
Downside Target	83.04
Upside Target	90.59
Upside Target	90.76
Upside Target	91.18
Upside Target	92.16
Upside Target	92.81
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	82.26
Downside Intraday Target	79.84
Upside Intraday Target	88.85
Upside Intraday Target	93.02
Upside Intraday Target	86.43

Weekly technical analysis of Beacon Roofing (BECN)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	84.69	89.86	90.59	84.00	2.107 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Beacon Roofing (BECN)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	84.69	89.86	90.59	84.00	0.071 times
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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Beacon Roofing ( (BECN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Beacon Roofing ( (BECN) ) based on a short to mid 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 mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

MACD generated a SELL signal for Beacon Roofing in short term and the sell signal is strong.

Beacon Roofing Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Beacon Roofing in short term and SELL signal is strong!

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 88.78 and Beacon Roofing (BECN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.