BROADRIDGE FINANCIAL SOLUTIO (BR) Stock Technical Analysis
NYSE:BR - New York Stock Exchange, Inc. - US11133T1034 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to BR. In the last year, BR was one of the better performers, but we do observe some doubts in the very recent evolution.
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.
When comparing the yearly performance of all stocks, we notice that BR is one of the better performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by BR over the past year are nicely spread over this period.
BR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BR is performing more or less in line with the market.
In the last month BR has a been trading in the 224.19 - 242.97 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
BR is an average performer in the IT Services industry, it outperforms 66% of 82 stocks in the same industry.
Besides having an excellent technical rating, BR 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.
More info and screens
215.04
248.72
We found 4 important support areas.
- A support zone ranging from 235.26 to 237.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @230.42 from a trend line in the weekly time frame.
- A support zone ranging from 223.09 to 225.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 217.21 to 218.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 238.13 to 246.26. This zone is formed by a combination of multiple trend lines and important moving averages 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 BR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BR is neutral. |
| ChartMill Relative Strength | 82.16 | POSITIVE | BR has a high relative strength, it outperformed 82.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.34 | NEUTRAL | The RSI value for BR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests BR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.33 | NEUTRAL | The Stochastics value for BR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for BR suggests low volalility. |
| Average Directional Index/ADX (14) | 10.74 | NEGATIVE | The low ADX value for BR suggests a weak or negative 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 |
|---|---|---|---|
| 242.98 | 235.25 | 7.73 (3.18%) | 25.00% |
| An entry @242.98. This is a Buy Stop order right above the 10 day high. | An exit @235.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.73 points, which is 3.18%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- 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.
238.04
-1.05 (-0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.44%
1 Week-0.95%
2 Weeks0.86%
1 Month-0.04%
3 Month1.15%
6 Month3.39%
12 Month18.7%
2 Year62.24%
3 Year62.8%
5 Year96.56%
10 Year339.35%
15 Year1144.98%
Volatility
ATR(14)3.53
ATR(20)%1.97%
ATR Inc-22.32%
Range Today2.07
ADR(20)4.19
ADR(20)%1.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.16
Mansfield0.45
10 Day High242.98
10 Day Low233.14
20 Day High242.98
20 Day Low224.2
52 Week High247.01
52 Week Low192.68
CS1 End237.44
CR1 Start238.13
Volume & EV
DER(3)0.07%
DER(5)0.3%
Volume394.60K
Volume Incr-13.15%
Vol(5)485.64K
Vol(50)568.64K