BROWN-FORMAN CORP-CLASS A (BF.A) Technical Analysis
NYSE:BF.A • US1156371007
Taking everything into account, BF.A scores 0 out of 10 in our technical rating. BF.A's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, BF.A is a bad performer in the overall market: 88% of all stocks are doing better.
- BF.A is one of the lesser performing stocks in the Beverages industry. 71% of 33 stocks in the same industry do better.
- BF.A is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so BF.A is lagging the market.
- In the last month BF.A has a been trading in the 23.54 - 31.08 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of BF.A is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.34
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 27.58 to 28.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.59 from a trend line in the weekly time frame.
- Resistance @30.27 from a horizontal line in the weekly time frame.
- Resistance @30.96 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for BF.A is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BF.A is down. |
| ChartMill Relative Strength | 12.73 | NEGATIVE | BF.A has a low relative strength, it was outperformed by 87.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BF.A is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BF.A is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BF.A is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.14 | OVERSOLD | The low RSI value suggests BF.A may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests BF.A has a negative trend. |
| Stochastics (14,3) | 6.01 | OVERSOLD | The low Stochastics value suggests BF.A may be oversold. |
| Average True Range in percent/ATR (20) | 4.88 | MEDIUM VOLATILITY | The ATR as a percentage value for BF.A suggests some volalility. |
| Average Directional Index/ADX (14) | 30.84 | POSITIVE | The high ADX value value for BF.A suggests a strong trend. |
BF.A Technicals: Chart, Performance Metrics, Trend & Indicators
23.58
-1.09 (-4.42%)
BROWN-FORMAN CORP-CLASS A / BF.A FAQ
What is the technical rating for BF.A stock?
ChartMill assigns a technical rating of 0 / 10 to BF.A.
What is the trend direction for BF.A stock?
The current trend direction for BROWN-FORMAN CORP-CLASS A (BF.A) is Bearish.
Can you provide the RSI signal for BROWN-FORMAN CORP-CLASS A?
BROWN-FORMAN CORP-CLASS A (BF.A) has an RSI value of 25.1391. This indicates that the stock is currently oversold.
Can you provide the MACD signal for BROWN-FORMAN CORP-CLASS A?
The MACD indicator for BROWN-FORMAN CORP-CLASS A (BF.A) has a value of -0.63852, indicating a bearish trend.