Bluelinx Holdings Stock Technical Analysis
| BXC Stock | USD 109.77 1.23 1.13% |
As of the 23rd of April, BlueLinx Holdings shows the Risk Adjusted Performance of 0.0077, downside deviation of 2.46, and Mean Deviation of 1.81. BlueLinx Holdings technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for BlueLinx Holdings, which can be compared to its peers. Please confirm BlueLinx Holdings variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if BlueLinx Holdings is priced correctly, providing market reflects its regular price of 109.77 per share. Given that BlueLinx Holdings has jensen alpha of (0.18), we suggest you to validate BlueLinx Holdings's prevailing market performance to make sure the company can sustain itself at a future point.
BlueLinx Holdings Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as BlueLinx, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BlueLinxBlueLinx |
BlueLinx Holdings Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 103.0 | Strong Buy | 5 | Odds |
Most BlueLinx analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand BlueLinx stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of BlueLinx Holdings, talking to its executives and customers, or listening to BlueLinx conference calls.
BlueLinx Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
BlueLinx Holdings Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of BlueLinx Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.
BlueLinx Holdings Trend Analysis
Use this graph to draw trend lines for BlueLinx Holdings. You can use it to identify possible trend reversals for BlueLinx Holdings as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual BlueLinx Holdings price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.BlueLinx Holdings Best Fit Change Line
The following chart estimates an ordinary least squares regression model for BlueLinx Holdings applied against its price change over selected period. The best fit line has a slop of 0.09 , which may imply that BlueLinx Holdings will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 285.55, which is the sum of squared deviations for the predicted BlueLinx Holdings price change compared to its average price change.About BlueLinx Holdings Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of BlueLinx Holdings on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of BlueLinx Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on BlueLinx Holdings price pattern first instead of the macroeconomic environment surrounding BlueLinx Holdings. By analyzing BlueLinx Holdings's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of BlueLinx Holdings's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to BlueLinx Holdings specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.0354 | 0.0336 | Price To Sales Ratio | 0.13 | 0.14 |
BlueLinx Holdings April 23, 2024 Technical Indicators
Most technical analysis of BlueLinx help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for BlueLinx from various momentum indicators to cycle indicators. When you analyze BlueLinx charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0077 | |||
| Market Risk Adjusted Performance | 0.0062 | |||
| Mean Deviation | 1.81 | |||
| Semi Deviation | 2.42 | |||
| Downside Deviation | 2.46 | |||
| Coefficient Of Variation | 171707.97 | |||
| Standard Deviation | 2.28 | |||
| Variance | 5.21 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0) | |||
| Maximum Drawdown | 10.27 | |||
| Value At Risk | (4.43) | |||
| Potential Upside | 3.44 | |||
| Downside Variance | 6.05 | |||
| Semi Variance | 5.86 | |||
| Expected Short fall | (1.82) | |||
| Skewness | (0.43) | |||
| Kurtosis | (0.05) |
BlueLinx Holdings April 23, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as BlueLinx stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 2,672 | ||
| Daily Balance Of Power | 0.39 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 109.76 | ||
| Day Typical Price | 109.76 | ||
| Price Action Indicator | 0.62 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BlueLinx Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For information on how to trade BlueLinx Stock refer to our How to Trade BlueLinx Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for BlueLinx Stock analysis
When running BlueLinx Holdings' price analysis, check to measure BlueLinx Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BlueLinx Holdings is operating at the current time. Most of BlueLinx Holdings' value examination focuses on studying past and present price action to predict the probability of BlueLinx Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BlueLinx Holdings' price. Additionally, you may evaluate how the addition of BlueLinx Holdings to your portfolios can decrease your overall portfolio volatility.
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Is BlueLinx Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BlueLinx Holdings. If investors know BlueLinx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BlueLinx Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.57) | Earnings Share 5.39 | Revenue Per Share 348.991 | Quarterly Revenue Growth (0.16) | Return On Assets 0.0546 |
The market value of BlueLinx Holdings is measured differently than its book value, which is the value of BlueLinx that is recorded on the company's balance sheet. Investors also form their own opinion of BlueLinx Holdings' value that differs from its market value or its book value, called intrinsic value, which is BlueLinx Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BlueLinx Holdings' market value can be influenced by many factors that don't directly affect BlueLinx Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BlueLinx Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if BlueLinx Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlueLinx Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.