BERKSHIRE GREY INC (BGRY) Technical Analysis
NASDAQ:BGRY • US0846561076
Current stock price
BGRY Technical Rating and Analysis
Overall BGRY gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BGRY is a bad performer.
- When comparing the yearly performance of all stocks, BGRY is a bad performer in the overall market: 72% of all stocks are doing better.
- BGRY is one of the lesser performing stocks in the Machinery industry. 60% of 131 stocks in the same industry do better.
- In the last month BGRY has a been trading in the 1.39 - 1.49 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Both the short term and long term trends are positive. This is a very positive sign.
- BGRY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BGRY is lagging the market slightly.
BGRY Weekly and Daily overview Charts
BGRY Setup Rating and Analysis
Although the technical rating is only medium, BGRY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.40, a Stop Loss order could be placed below this zone.
More info and screens
BGRY Support and Resistance Analysis
1.36
We found 1 important support area.
- A support zone ranging from 1.37 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.40 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Strong resistance @1.43 from a horizontal line in the daily time frame.
- Resistance @1.48 from a horizontal line in the weekly time frame.
BGRY 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 | UP | POSITIVE | The long term trend for BGRY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BGRY is up. |
| ChartMill Relative Strength | 28.03 | NEGATIVE | BGRY has a low relative strength, it was outperformed by 71.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BGRY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BGRY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BGRY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.41 | NEUTRAL | The RSI value for BGRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BGRY has a negative trend. |
| Stochastics (14,3) | 61.11 | NEUTRAL | The Stochastics value for BGRY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for BGRY suggests low volalility. |
| Average Directional Index/ADX (14) | 63.63 | POSITIVE | The high ADX value value for BGRY suggests a strong trend. |
BGRY Chart- and CandleStick Pattern Analysis
BGRY Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.41 | 1.38 | 0.03 (2.13%) | 25.00% |
| An entry @1.41. This is a Buy Stop order right above the resistance zone. | An exit @1.38. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 2.13%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BGRY Technicals: Chart, Performance Metrics, Trend & Indicators
1.4
-0.01 (-0.71%)
BERKSHIRE GREY INC / BGRY TA FAQ
Can you provide the ChartMill technical rating for BERKSHIRE GREY INC?
ChartMill assigns a technical rating of 6 / 10 to BGRY.
Can you provide the trend direction for BERKSHIRE GREY INC?
The current trend direction for BERKSHIRE GREY INC (BGRY) is Bullish.
What is the RSI signal for BERKSHIRE GREY INC (BGRY) stock?
BERKSHIRE GREY INC (BGRY) has an RSI value of 50.4135. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BERKSHIRE GREY INC?
The MACD indicator for BERKSHIRE GREY INC (BGRY) has a value of -0.00015478, indicating a bearish trend.
What is the short term momentum for BGRY stock?
The short term momentum for BERKSHIRE GREY INC (BGRY) is positive.