BROWN-FORMAN CORP-CLASS B (BF.B) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BF.B - US1156372096 - Common Stock
Taking everything into account, BF.B scores 4 out of 10 in our technical rating. In the past year, BF.B 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.
BF.B has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.99. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
26.43
3 important support areas can be observed.
- Support @28.93 from a trend line in the weekly time frame.
- A support zone ranging from 27.27 to 27.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @26.70 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.99 to 28.99. 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.B is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BF.B is up. |
| ChartMill Relative Strength | 17.83 | NEGATIVE | BF.B has a low relative strength, it was outperformed by 82.17% 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) | UP | POSITIVE | The current price of BF.B is above the rising 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) | 61.07 | NEUTRAL | The RSI value for BF.B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests BF.B has a positive trend. |
| Stochastics (14,3) | 87.11 | OVERBOUGHT | The high Stochastics value suggests BF.B may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for BF.B suggests some volalility. |
| Average Directional Index/ADX (14) | 13.78 | NEGATIVE | The low ADX value for BF.B suggests a weak or negative trend. |
28.98
+0.34 (+1.19%)
BROWN-FORMAN CORP-CLASS B / BF.B FAQ
What is the technical rating for BF.B stock?
ChartMill assigns a technical rating of 4 / 10 to BF.B.
What is the trend direction for BF.B stock?
The current trend direction for BROWN-FORMAN CORP-CLASS B (BF.B) is Bearish.
What is the RSI signal for BF.B stock?
BROWN-FORMAN CORP-CLASS B (BF.B) has an RSI value of 61.0727. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BROWN-FORMAN CORP-CLASS B?
The short term momentum for BROWN-FORMAN CORP-CLASS B (BF.B) is positive.
Can you provide the buy/sell signal for BROWN-FORMAN CORP-CLASS B?
The buy/sell signal for BROWN-FORMAN CORP-CLASS B (BF.B) is hold as the short term and long term trends are mixed.