BERKSHIRE GREY INC (BGRY) Stock Technical Analysis
NASDAQ:BGRY - Nasdaq - US0846561076 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to BGRY. 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.
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.
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1.36
When analyzing the support we notice one important 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.
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. |
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%. | For a 0.53% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
1.4
-0.01 (-0.71%)