NYSE:BN - New York Stock Exchange, Inc. - CA11271J1075 - Common Stock - Currency: USD
Overall BN gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BN is showing a nice and steady performance.
BN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 67.28. Right above this resistance zone may be a good entry point.
48.10
4 important support areas can be observed.
When analyzing the resistance we notice one important area.
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 BN is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BN is up. |
ChartMill Relative Strength | 88.26 | POSITIVE | BN has a high relative strength, it outperformed 88.26% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BN is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BN is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BN is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 62.68 | NEUTRAL | The RSI value for BN is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests BN has a negative trend. |
Stochastics (14,3) | 79.02 | NEUTRAL | The Stochastics value for BN is a neutral value. |
Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for BN suggests some volalility. |
Average Directional Index/ADX (14) | 39.67 | POSITIVE | The high ADX value value for BN 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 |
---|---|---|---|
68.15 | 66.89 | 1.26 (1.85%) | 25.00% |
An entry @68.15. This is a Buy Stop order right above the resistance zone. | An exit @66.89. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.26 points, which is 1.85%. | For a 0.46% total portfolio risk, you can invest 25.00% of your capital in this trade. |
67.05
-0.42 (-0.62%)