BRADY CORPORATION - CL A (BRC) Stock Technical Analysis
NYSE:BRC - New York Stock Exchange, Inc. - US1046741062 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to BRC. Although BRC is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
BRC has only a medium technical rating, but it does show 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 resistance zone just above the current price starting at 70.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.28, 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.
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63.68
When analyzing the support we can see 4 important areas.
- A support zone ranging from 69.26 to 70.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 67.92 to 68.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 66.53 to 66.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 64.32 to 65.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 70.52 to 71.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 74.50 to 75.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 76.71 to 76.81. 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 BRC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRC is up. |
| ChartMill Relative Strength | 30.36 | NEUTRAL | BRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.11 | NEUTRAL | The RSI value for BRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests BRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.74 | NEUTRAL | The Stochastics value for BRC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for BRC suggests low volalility. |
| Average Directional Index/ADX (14) | 10.06 | NEGATIVE | The low ADX value for BRC suggests a weak or negative 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 |
|---|---|---|---|
| 71.90 | 69.25 | 2.65 (3.69%) | 25.00% |
| An entry @71.90. This is a Buy Stop order right above the resistance zone. | An exit @69.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.65 points, which is 3.69%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
70.47
+0.2 (+0.28%)