Bel Fuse Inc Cl B (BELFB): With Support at $19.35 and Resistance at $19.75, Is it a Buy?

Bel Fuse Inc Cl B (BELFB) currently has a 1 month MA of 19.54. Investors may use moving averages for various reasons. Some may use the moving average as a primary trading tool, while others may use it as a back-up. Investors may keep an eye out for when the stock price crosses a particular moving average and then closes on the other side. These moving average crossovers may be used to help spot momentum shifts, or possible entry/exit points. A cross below a certain moving average may signal the start of a downward move. On the flip side, a cross above a moving average may suggest a possible uptrend. Investors may be focused on many different time periods when studying moving averages. The stock currently has a 3 month MA of 19.73, and a 6 month MA of 23.54.

Bel Fuse Inc Cl B (BELFB) is finding it’s name on investor’s trading sheets as the Trendspotter Opinion rating has reached “Buy” with first resistance at $19.75 and second resistance at $19.95.  On the other end, investors are watching the first support level of $19.35, and the second support level of $19.15.

Technical traders may be interested in looking at the indicator levels on shares of Bel Fuse Inc Cl B (BELFB). The 14-day ADX for is currently 19.35. In general, an ADX value from 0-25 would signal an absent or weak trend. A level of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points.

Bel Fuse Inc Cl B (BELFB) presently has a 14-day Commodity Channel Index (CCI) of 53.16. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is currently at 51.33, the 7-day stands at 53.62, and the 3-day is sitting at 60.23.

Taking a peek at some Moving Averages, the 200-day is at 24.9, and the 50-day is 19.13. Dedicated investors may be looking to employ another tool for doing technical stock analysis. The Williams Percent Range or Williams %R is a technical indicator that was designed to measure overbought and oversold market conditions. The Williams %R indicator helps show the relative situation of the current price close to the period being observed. Bel Fuse Inc Cl B (BELFB)’s Williams Percent Range or 14 day Williams %R presently is at -39.53. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold.