ALLBIRDS INC-CL A (BIRD) Stock Technical Analysis
NASDAQ:BIRD - Nasdaq - US01675A2087 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to BIRD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BIRD is showing a nice and steady performance.
In the last month BIRD has a been trading in the 10.05 - 12.55 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
BIRD is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 87% of 50 stocks in the same industry.
Looking at the yearly performance, BIRD did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
BIRD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BIRD is lagging the market.
Considerably lower volume is observed in the last couple of days.
BIRD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
9.12
12.41
When analyzing the support we notice one important area.
- Support @9.21 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @10.76 from a trend line in the daily time frame.
- Resistance @11.69 from a trend line in the weekly time frame.
- A resistance zone ranging from 12.16 to 12.29. 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 | UP | POSITIVE | The long term trend for BIRD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BIRD is neutral. |
| ChartMill Relative Strength | 91.32 | POSITIVE | BIRD has a high relative strength, it outperformed 91.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BIRD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIRD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIRD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.54 | NEUTRAL | The RSI value for BIRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests BIRD has a negative trend. |
| Stochastics (14,3) | 36.13 | NEUTRAL | The Stochastics value for BIRD is a neutral value. |
| Average True Range in percent/ATR (20) | 8.28 | HIGH VOLATILITY | The high ATR as a percentage value for BIRD suggests high volalility. |
| Average Directional Index/ADX (14) | 23.57 | NEUTRAL | The ADX value for BIRD suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 10.77 | 10.19 | 0.58 (5.39%) | 18.57% |
| An entry @10.77. This is a Buy Stop order right above the resistance zone. | An exit @10.19. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.58 points, which is 5.39%. | When investing 18.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BIRD. Please evaluate whether better entry and exit points can be found.
- 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.
10.68
-0.34 (-3.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-3.09%
1 Week2.59%
2 Weeks-9.26%
1 Month2.79%
3 Month105.39%
6 Month68.19%
12 Month-6.32%
2 Year-64.4%
3 Year-89.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.91
ATR(20)%8.28%
ATR Inc-29.26%
Range Today0.62
ADR(20)0.86
ADR(20)%8.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.32
Mansfield1.26
10 Day High12.22
10 Day Low10.2
20 Day High12.55
20 Day Low10.05
52 Week High18.33
52 Week Low3.93
CS1 End9.21
CR1 Start10.76
Volume & EV
DER(3)-1.82%
DER(5)-5%
Volume37.60K
Volume Incr-43.08%
Vol(5)39.72K
Vol(50)77.86K