BROWN-FORMAN CORP-CLASS A (BF.A) Technical Analysis
NYSE:BF.A • US1156371007
Current stock price
BF.A Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to BF.A. In the past year, BF.A was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, BF.A is a bad performer in the overall market: 79% of all stocks are doing better.
- BF.A is currently trading in the lower part of its 52 week range. The S&P500 Index however 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 23.01 - 28.37 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- BF.A is an average performer in the Beverages industry, it outperforms 54% of 34 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
BF.A Weekly and Daily overview Charts
BF.A Setup Rating and Analysis
BF.A has a poor technical rating and the quality of the setup is also only medium 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
BF.A Support and Resistance Analysis
22.97
We found 1 important support area.
- A support zone ranging from 23.20 to 23.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 26.99 to 27.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.58 from a trend line in the weekly time frame.
- A resistance zone ranging from 30.27 to 30.34. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @30.96 from a horizontal line in the daily time frame.
BF.A Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for BF.A is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BF.A is up. |
| ChartMill Relative Strength | 21.34 | NEGATIVE | BF.A has a low relative strength, it was outperformed by 78.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BF.A is above the rising 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) | UP | MIXED | The current price of BF.A is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.13 | NEUTRAL | The RSI value for BF.A is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests BF.A has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.91 | NEUTRAL | The Stochastics value for BF.A is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for BF.A suggests some volalility. |
| Average Directional Index/ADX (14) | 29.15 | POSITIVE | The high ADX value value for BF.A suggests a strong trend. |
BF.A Chart- and CandleStick Pattern Analysis
BF.A Technicals: Chart, Performance Metrics, Trend & Indicators
26.68
-0.46 (-1.69%)
BROWN-FORMAN CORP-CLASS A / BF.A TA FAQ
What is the technical rating for BF.A stock?
ChartMill assigns a technical rating of 2 / 10 to BF.A.
Can you provide the trend direction for BROWN-FORMAN CORP-CLASS A?
The current trend direction for BROWN-FORMAN CORP-CLASS A (BF.A) is Bearish.
What is the RSI signal for BF.A stock?
BROWN-FORMAN CORP-CLASS A (BF.A) has an RSI value of 54.1331. This indicates that the stock is currently neutral.
What is the short term momentum for BROWN-FORMAN CORP-CLASS A (BF.A) stock?
The short term momentum for BROWN-FORMAN CORP-CLASS A (BF.A) is positive.
What is the support and resistance level for BF.A stock?
BROWN-FORMAN CORP-CLASS A (BF.A) has a support level at 23.33 and a resistance level at 26.99. Check the full technical report for our detailed analysis of BF.A support and resistance levels.