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Beacon Roofing Supply, Inc. | BECN

Daily Technical Analysis of Beacon Roofing Supply, Inc.

Beacon Roofing Supply had a nice pop today and is currently up 3.12% we'll see if the cash keeps flowing in.

Currently BECN isn't at a clear support/resistance line that seems tradable. Beacon Roofing Supply has been drifting up over the last few months, we'll see if it has the energy to keep moving in the right direction. BECN might find some support at the 85.85 level, buyers might push the price back up from here. But it's not very clear what will happen.


Last analyzed on 2024-03-17

Analyst Ratings for Beacon Roofing Supply By Price Target And Rating

The analysts feel fairly neutral on the prospects for Beacon Roofing Supply but a little more positive than negative. The current Analysts Sentiment Score is 27.80. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. JPMorgan Chase & Co. provided a price target decease of -5.83% to $97.00 from $103.00 on 2024-01-11. William Blair upgraded from Market Perform to Outperform on 2024-01-08. On 2023-12-19 Stifel Nicolaus increased their price target by 3.48% to $119.00. Truist Financial decided to move down their price target on 2023-10-17 to $80.00 which is a -15.79% decrease. On 2023-10-12 Jefferies Financial Group lowered their price target by -3.26% to $89.00. Royal Bank of Canada announced an upgrade on 2023-10-05 from Sector Perform to Outperform and moved up their price target to $94.00 which is a 3.3% increase. Deutsche Bank Aktiengesel gave a boost to their price target and moved to $108.00 from $102.00 on 2023-08-08. Raymond James gave a boost to their price target and moved to $95.00 from $75.00 on 2023-08-07. Robert W. Baird provided a price target boost of 25% to $95.00 from $76.00 on 2023-07-10. BMO Capital Markets provided a price target boost of 20% to $90.00 from $75.00 on 2023-06-16.

Company Ratings Score ?
Composite analyst sentiment score
Positive Ratings Negative Ratings Boost Price Target Lower Price Target
BECN27.8055.06-1.3513.1-11.2

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-03-01)
Company YOY Growth Score (typical -20 to +20) Revision Directions (-6 to +6)
BECN1.00-12.88

Short interest for Beacon Roofing Supply

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company Short Score (typical 1-15) ?
We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
Short Interest Days to Cover Rate of Change Shares Short
BECN4.08%44.11.1222080000

How Beacon Roofing Supply compares to the broader Basic Materials sector and the more specific Building Materials industry

Segment Count 1 Day% 5 Day 1 Month 3 Month 6 Month 1 Year RSI 3mo S-momo ? 6mo S-momo 1yr S-momo Resistance ? Support Demark Sell ? Demark Buy Short Interest Analysts Ratings ?
Building Materials

Show Me Companies With:

S-Momentum: Highest | Lowest
1 Day Growth: Highest | Lowest
5 Day Growth: Highest | Lowest
1 Month Growth: Highest | Lowest
6 Month Growth: Highest | Lowest
280.691.536.5224.9052.1678.5256.93139.8860.8670.18-784.62-40034.0724.118.043.5644.74
Basic Materials

Show Me Companies With:

S-Momentum: Highest | Lowest
1 Day Growth: Highest | Lowest
5 Day Growth: Highest | Lowest
1 Month Growth: Highest | Lowest
6 Month Growth: Highest | Lowest
1320.792.777.9110.7325.2733.2053.7749.9023.0728.45-6800.62-19593.9428.412.463.7410.26

Social Sentiment for Beacon Roofing Supply

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker Social Sentiment(1-10)
BECN

Companies with the highest correlation to Beacon Roofing Supply

Company Score 1 Day% 5 Day 1 Month 3 Month 6 Month 1 Year RSI 3mo S-momo ? 6mo S-momo 1yr S-momo Resistance ? Support Demark Sell ? Demark Buy Short Interest Score
JELD | JELD-WEN Holding, Inc.1.363.163.3615.1920.2258.3174.736311.5027.1844.08-338.89-23352.73003.65736
EXP | Eagle Materials, Inc.1.340.971.566.0738.3260.9288.5235152.5866.8785.25-1400.00-35443.89001.72473
DOOR | MASONITE INTERNATIONAL CO1.330.19-0.110.9456.9640.9848.207234.9426.5442.830.00-24426.0412501.89436
OC | Owens Corning1.29-0.250.509.9814.4419.7881.346963.8531.0451.780.00-31344.79002.06874
WCC | Wesco International Inc.1.240.251.2712.631.5817.1115.27653.994.5411.80-982.91-7286.2510002.60798
NVT | nVent Electric plc Ordina1.23-0.012.339.6934.4539.9779.0166137.4950.5087.070.00-49172.25001.21478
BLD | TopBuild Corp. Common Sto1.230.521.187.3424.0375.18123.1755224.2883.39107.73-525.00-37865.88003.61868

Top 3 correlating companies

See full charts for all peers

Sentiment Score

How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.

Earnings Estimates
Analyst Rating
Price Targets
Short Interest
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Institutional Ownership
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Overall Summary Notes
Calculated Sentiment Sum

Score Sum
(1-45)

/

Average
(1-5)

+

Pattern Rank
(1-5)

=

Total Score
(1-10)

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