BETTER HOME & FINANCE HOLDIN (BETR) Stock Technical Analysis
NASDAQ:BETR - Nasdaq - US08774B5084 - Common Stock - Currency: USD
Taking everything into account, BETR scores 6 out of 10 in our technical rating. Although BETR is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, BETR does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.34, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BETR in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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12.40
We found 2 important support areas.
- A support zone ranging from 12.93 to 13.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.53 to 12.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.66 to 14.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.95 to 14.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BETR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BETR is up. |
| ChartMill Relative Strength | 14.98 | NEGATIVE | BETR has a low relative strength, it was outperformed by 85.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BETR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BETR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BETR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.69 | NEUTRAL | The RSI value for BETR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BETR has a positive trend. |
| Stochastics (14,3) | 63.27 | NEUTRAL | The Stochastics value for BETR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for BETR suggests high volalility. |
| Average Directional Index/ADX (14) | 15.76 | NEGATIVE | The low ADX value for BETR suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.72 | 12.92 | 1.80 (12.23%) | 8.18% |
| An entry @14.72. This is a Buy Stop order right above the resistance zone. | An exit @12.92. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.80 points, which is 12.23%. | For a 1.00% total portfolio risk, you can invest 8.18% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.56
+0.14 (+0.97%)