BROWN-FORMAN CORP-CLASS A (BF.A) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BF.A - US1156371007 - Common Stock
Taking everything into account, BF.A scores 0 out of 10 in our technical rating. BF.A scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, BF.A is a bad performer in the overall market: 83% of all stocks are doing better.
- BF.A is part of the Beverages industry. There are 33 other stocks in this industry, of which 68% are performing better than BF.A.
- BF.A is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BF.A has a been trading in the 25.53 - 29.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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
25.27
We found 2 important support areas.
- A support zone ranging from 26.13 to 26.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.53 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @28.64 from a trend line in the weekly time frame.
- Resistance @29.62 from a trend line in the daily time frame.
- A resistance zone ranging from 30.27 to 30.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for BF.A is neutral. |
| ChartMill Relative Strength | 17.48 | NEGATIVE | BF.A has a low relative strength, it was outperformed by 82.52% 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) | 45.01 | NEUTRAL | The RSI value for BF.A is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests BF.A has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.14 | NEUTRAL | The Stochastics value for BF.A is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for BF.A suggests some volalility. |
| Average Directional Index/ADX (14) | 24.01 | NEUTRAL | The ADX value for BF.A suggests a possible start of a new trend. |
26.62
-1.03 (-3.73%)
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 45.0079. This indicates that the stock is currently neutral.
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 0.13991, indicating a bearish trend.