Overall BRBS gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BRBS is only an average performer.
- BRBS is one of the lesser performing stocks in the Banks industry. 62% of 383 stocks in the same industry do better.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- BRBS 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 BRBS is lagging the market slightly.
- When comparing the performance of all stocks over the past year, BRBS turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
- In the last month BRBS has a been trading in a tight range between 4.24 and 4.48.
Although the technical rating is only medium, BRBS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.35, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.71
3 important support areas can be observed.
- A support zone ranging from 4.27 to 4.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.01 to 4.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.75 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @4.42 from a trend line in the daily time frame.
- Resistance @4.54 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 4.69 to 4.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 BRBS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BRBS is neutral. |
| ChartMill Relative Strength | 68.18 | NEUTRAL | BRBS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRBS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRBS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BRBS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52 | NEUTRAL | The RSI value for BRBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BRBS has a positive trend. |
| Stochastics (14,3) | 37.68 | NEUTRAL | The Stochastics value for BRBS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for BRBS suggests some volalility. |
| Average Directional Index/ADX (14) | 20.91 | NEUTRAL | The ADX value for BRBS suggests a possible start of a new 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 |
|---|---|---|---|
| 4.43 | 4.26 | 0.17 (3.84%) | 25.00% |
| An entry @4.43. This is a Buy Stop order right above the resistance zone. | An exit @4.26. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.17 points, which is 3.84%. | For a 0.96% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BRBS. Please evaluate whether better entry and exit points can be found.
- 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.
4.36
0 (0%)
BLUE RIDGE BANKSHARES INC / BRBS FAQ
What is the ChartMill technical rating of BLUE RIDGE BANKSHARES INC (BRBS) stock?
ChartMill assigns a technical rating of 6 / 10 to BRBS.
Can you provide the trend direction for BLUE RIDGE BANKSHARES INC?
The current trend direction for BLUE RIDGE BANKSHARES INC (BRBS) is Bullish.
Can you provide the RSI signal for BLUE RIDGE BANKSHARES INC?
BLUE RIDGE BANKSHARES INC (BRBS) has an RSI value of 51.9964. This indicates that the stock is currently neutral.
What is the MACD signal for BLUE RIDGE BANKSHARES INC (BRBS) stock?
The MACD indicator for BLUE RIDGE BANKSHARES INC (BRBS) has a value of 0.00239686, indicating a bearish trend.
What is the short term momentum for BLUE RIDGE BANKSHARES INC (BRBS) stock?
The short term momentum for BLUE RIDGE BANKSHARES INC (BRBS) is neutral.