BRIGHT HEALTH GROUP INC (BHG) Stock Technical Analysis
NYSE:BHG - New York Stock Exchange, Inc. - US10920V4041 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to BHG. BHG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
BHG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BHG is lagging the market.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
BHG is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 81% of 102 stocks in the same industry.
In the last month BHG has a been trading in the 5.09 - 16.35 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that BHG is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BHG has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
16.19
16.51
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 | NEUTRAL | NEUTRAL | The long term trend for BHG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BHG is up. |
| ChartMill Relative Strength | 89.15 | POSITIVE | BHG has a high relative strength, it outperformed 89.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BHG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BHG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BHG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 80 | OVERBOUGHT | The high RSI value suggests BHG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests BHG has a positive trend. |
| Stochastics (14,3) | 96.62 | OVERBOUGHT | The high Stochastics value suggests BHG may be overbought. |
| Average True Range in percent/ATR (20) | 9.79 | HIGH VOLATILITY | The high ATR as a percentage value for BHG suggests high volalility. |
| Average Directional Index/ADX (14) | 45.54 | POSITIVE | The high ADX value value for BHG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:BHG (1/26/2024, 8:04:13 PM)
16.35
+1.4 (+9.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg9.36%
1 Week41.8%
2 Weeks39.51%
1 Month220.59%
3 Month135.93%
6 Month32.71%
12 Month-79.32%
2 Year-92.65%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.27
ATR(20)%9.79%
ATR Inc-3.87%
Range Today1.83
ADR(20)1.58
ADR(20)%9.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.15
Mansfield-1.14
10 Day High16.35
10 Day Low10.18
20 Day High16.35
20 Day Low5.09
52 Week High80.8
52 Week Low4.94
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)1.7%
DER(5)3.66%
Volume29.20K
Volume Incr-61.02%
Vol(5)34.52K
Vol(50)49.31K