BIRKENSTOCK HOLDING PLC (BIRK) Stock Technical Analysis
NYSE:BIRK - New York Stock Exchange, Inc. - JE00BS44BN30 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to BIRK. BIRK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, BIRK is a bad performer in the overall market: 82% of all stocks are doing better.
BIRK has an average volume of 2304780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BIRK is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 42% of 50 stocks in the same industry.
BIRK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BIRK is lagging the market.
In the last month BIRK has a been trading in the 46.27 - 52.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BIRK has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
42.24
57.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 46.47 to 46.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @43.63 from a horizontal line in the weekly time frame.
- Support @42.67 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 49.74 to 50.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.20 from a trend line in the daily time frame.
- A resistance zone ranging from 54.62 to 54.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 56.70 to 56.92. 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 BIRK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BIRK is down. |
| ChartMill Relative Strength | 18.4 | NEGATIVE | BIRK has a low relative strength, it was outperformed by 81.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BIRK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BIRK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BIRK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.73 | NEUTRAL | The RSI value for BIRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests BIRK has a positive trend. |
| Stochastics (14,3) | 83.39 | OVERBOUGHT | The high Stochastics value suggests BIRK may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for BIRK suggests some volalility. |
| Average Directional Index/ADX (14) | 27.15 | POSITIVE | The high ADX value value for BIRK 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)
49.73
+0.46 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg0.93%
1 Week6.99%
2 Weeks2.88%
1 Month-4.62%
3 Month-1.87%
6 Month-16.9%
12 Month-13.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.17
ATR(20)%2.56%
ATR Inc-3.72%
Range Today1.08
ADR(20)1.28
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.4
Mansfield-1.13
10 Day High50.13
10 Day Low46.27
20 Day High52.98
20 Day Low46.27
52 Week High64.78
52 Week Low40.56
CS1 End46.82
CR1 Start49.74
Volume & EV
DER(3)-2.36%
DER(5)-1.65%
Volume1.43M
Volume Incr-9.87%
Vol(5)1.86M
Vol(50)2.30M