BROWN-FORMAN CORP-CLASS B (BF.B) Stock Technical Analysis
NYSE:BF.B - New York Stock Exchange, Inc. - US1156372096 - Common Stock - Currency: USD
Taking everything into account, BF.B scores 1 out of 10 in our technical rating. BF.B'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.
Although the technical rating is bad, BF.B does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 30.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BF.B in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
27.22
3 important support areas can be observed.
- A support zone ranging from 30.03 to 30.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.75 to 29.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.49 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 30.94 to 31.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.46 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for BF.B is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BF.B is neutral. |
| ChartMill Relative Strength | 9.19 | NEGATIVE | BF.B has a low relative strength, it was outperformed by 90.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BF.B is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BF.B is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BF.B is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.87 | NEUTRAL | The RSI value for BF.B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BF.B has a positive trend. |
| Stochastics (14,3) | 56.58 | NEUTRAL | The Stochastics value for BF.B is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for BF.B suggests some volalility. |
| Average Directional Index/ADX (14) | 18.02 | NEGATIVE | The low ADX value for BF.B suggests a weak or negative trend. |
30.34
+0.69 (+2.33%)