The Hourly View for BCE
At the time of this writing, BCE (Get Ratings)’s price is down $-0.01 (-0.02%) from the hour prior. BCE has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
BCE’s Technical Outlook on the Daily Chart
Currently, BCE’s price is down $-0.09 (-0.19%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as BCE has now gone down 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Bce Inc’s price action over the past 90 days can be seen via the chart below.
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The post Bce Inc (BCE): Price Now Near $45.61; Daily Chart Shows An Uptrend on 20 Day Basis appeared first on ETF Daily News.
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