BROADSTONE NET LEASE INC (BNL) Stock Technical Analysis
NYSE:BNL • US11135E2037
Taking everything into account, BNL scores 7 out of 10 in our technical rating. Although BNL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- BNL is one of the better performing stocks in the Diversified REITs industry, it outperforms 71% of 122 stocks in the same industry.
- BNL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BNL is lagging the market slightly.
- BNL has an average volume of 1837680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, BNL turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
- In the last month BNL has a been trading in the 17.88 - 19.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, BNL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 18.56, a Stop Loss order could be placed below this zone.
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15.59
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.32 to 18.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.75 to 17.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 17.26 to 17.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.75 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.64 to 19.85. 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 BNL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BNL is neutral. |
| ChartMill Relative Strength | 66.93 | NEUTRAL | BNL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BNL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.78 | NEUTRAL | The RSI value for BNL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests BNL has a negative trend. |
| Stochastics (14,3) | 35.35 | NEUTRAL | The Stochastics value for BNL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for BNL suggests some volalility. |
| Average Directional Index/ADX (14) | 25.07 | POSITIVE | The high ADX value value for BNL 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 |
|---|---|---|---|
| 19.33 | 18.51 | 0.82 (4.25%) | 23.52% |
| An entry @19.33. This is a Buy Stop order right above the 10 day moving average. | An exit @18.51. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.82 points, which is 4.25%. | When investing 23.52% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
18.97
+0.18 (+0.96%)
BROADSTONE NET LEASE INC / BNL FAQ
What is the ChartMill technical rating of BROADSTONE NET LEASE INC (BNL) stock?
ChartMill assigns a technical rating of 7 / 10 to BNL.
Can you provide the trend direction for BROADSTONE NET LEASE INC?
The current trend direction for BROADSTONE NET LEASE INC (BNL) is Bullish.
Can you provide the RSI signal for BROADSTONE NET LEASE INC?
BROADSTONE NET LEASE INC (BNL) has an RSI value of 51.7768. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BROADSTONE NET LEASE INC?
The MACD indicator for BROADSTONE NET LEASE INC (BNL) has a value of -0.0762673, indicating a bearish trend.
What is the short term momentum for BNL stock?
The short term momentum for BROADSTONE NET LEASE INC (BNL) is neutral.