BRC INC-A (BRCC) Stock Technical Analysis
NYSE:BRCC - US05601U1051 - Common Stock
1.61 USD
+0.05 (+3.21%)
1.63 USD
+0.02 (+1.24%)
We assign a technical rating of 1 out of 10 to BRCC. BRCC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, BRCC is a bad performer in the overall market: 96% of all stocks are doing better.
BRCC is part of the Food Products industry. There are 90 other stocks in this industry, of which 82% are performing better than BRCC.
BRCC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
BRCC has an average volume of 1057190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BRCC has a been trading in the 1.27 - 1.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BRCC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.52, a Stop Loss order could be placed below this zone.
More info and screens
1.31
2.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.50 to 1.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.43 to 1.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.32 from a trend line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 1.62 to 1.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.65 to 1.65. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 1.83 to 1.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.92 from a trend line in the daily time frame.
- Resistance @1.98 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for BRCC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BRCC is neutral. |
| ChartMill Relative Strength | 4.94 | NEGATIVE | BRCC has a low relative strength, it was outperformed by 95.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BRCC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRCC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRCC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.61 | NEUTRAL | The RSI value for BRCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BRCC has a positive trend. |
| Stochastics (14,3) | 80.51 | OVERBOUGHT | The high Stochastics value suggests BRCC may be overbought. |
| Average True Range in percent/ATR (20) | 7.62 | HIGH VOLATILITY | The high ATR as a percentage value for BRCC suggests high volalility. |
| Average Directional Index/ADX (14) | 13.78 | NEGATIVE | The low ADX value for BRCC 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)
1.61
+0.05 (+3.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg3.21%
1 Week11.03%
2 Weeks1.9%
1 Month-10.56%
3 Month-10.06%
6 Month-37.6%
12 Month-63.66%
2 Year-64.38%
3 Year-83.49%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%7.62%
ATR Inc-27.39%
Range Today0.08
ADR(20)0.12
ADR(20)%7.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.94
Mansfield-4.04
10 Day High1.66
10 Day Low1.4
20 Day High1.81
20 Day Low1.27
52 Week High4.65
52 Week Low1.19
CS1 End1.52
CR1 Start1.62
Volume & EV
DER(3)-2.59%
DER(5)-0.53%
Volume413.70K
Volume Incr-44.6%
Vol(5)555.74K
Vol(50)1.06M