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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 2024-09-23 View latest technical analysis

10 day averaged volume of Beacon Roofing is 664470

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	85.03	86.68	87.95	84.85	1.276 times
20 Fri Sep 2024	85.84	86.75	87.56	85.68	1.567 times
19 Thu Sep 2024	87.46	88.47	88.75	86.83	1.3 times
18 Wed Sep 2024	85.38	86.42	88.30	85.09	1.118 times
17 Tue Sep 2024	86.58	86.26	87.28	84.88	0.83 times
16 Mon Sep 2024	84.59	83.97	85.37	83.36	0.734 times
13 Fri Sep 2024	83.48	82.51	84.24	82.51	0.736 times
12 Thu Sep 2024	81.04	80.75	82.24	79.56	0.598 times
11 Wed Sep 2024	80.22	79.52	80.94	78.02	0.877 times
10 Tue Sep 2024	80.11	80.80	81.13	79.20	1.159 times

My analysis of stock is bearish for shortterm, and stock might move down till 81.8 or till 77.8. Use a stoploss of 85.2 and if the stock hits stoploss, then it can shoot up till 88.55

Share price targets for Beacon Roofing (BECN)

Target Type	Value
Downside Target	77.54
Downside Target	81.40
Downside Target	83.36
Upside Target	86.57
Upside Target	90.59
Upside Target	90.76
Upside Target	92.16
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	83.94
Downside Intraday Target	82.84
Upside Intraday Target	87.04
Upside Intraday Target	89.04
Upside Intraday Target	85.94

Weekly technical analysis of Beacon Roofing (BECN)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	85.03	86.68	87.95	84.85	0.23 times
20 Fri Sep 2024	85.84	83.97	88.75	83.36	1.247 times
13 Fri Sep 2024	83.48	81.98	84.74	78.02	1.165 times
06 Fri Sep 2024	81.58	89.86	90.59	81.40	3.683 times
30 Fri Aug 2024	90.60	89.83	90.76	88.60	0.215 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
23 Mon Sep 2024	85.03	89.86	90.59	78.02	0.489 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 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 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 short to mid 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 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 BUY. Signal strength is Weak and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

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 84.28 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 positive

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