BR Technical Analysis - BROADRIDGE FINANCIAL SOLUTIO

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to BR. BR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month BR has a been trading in the 240.60 - 264.10 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When compared to the yearly performance of all other stocks, BR outperforms 59% of them, which is more or less in line with the market.

BR is an average performer in the IT Services industry, it outperforms 55% of 86 stocks in the same industry.

BR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BR is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BROADRIDGE FINANCIAL SOLUTIO / BR Weekly stock chart

BROADRIDGE FINANCIAL SOLUTIO / BR Daily stock chart

Setup Rating and Analysis

The technical rating of BR is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

222.78

269.57

We found 2 important support areas.

A support zone ranging from 235.33 to 236.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
A support zone ranging from 225.03 to 228.08. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 242.75 to 243.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 248.73 to 253.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 265.95 to 266.90. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for BR is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BR is down.
ChartMill Relative Strength	59.36	NEUTRAL	BR is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BR is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BR is below 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)	33.08	NEUTRAL	The RSI value for BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.51	NEGATIVE	The MACD value suggests BR has a negative trend.
Stochastics (14,3)	2.57	OVERSOLD	The low Stochastics value suggests BR may be oversold.
Average True Range in percent/ATR (20)	1.7	LOW VOLATILITY	The low ATR as a percentage value for BR suggests low volalility.
Average Directional Index/ADX (14)	20.45	NEUTRAL	The ADX value for BR suggests a possible start of a new trend.