BREA Technical Analysis - BRERA HOLDINGS PLC-CL B

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to BREA. In the last year, BREA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

BREA is part of the Entertainment industry. There are 80 other stocks in this industry. BREA outperforms 97% of them.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Looking at the yearly performance, BREA did better than 98% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

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

In the last month BREA has a been trading in the 5.71 - 52.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BRERA HOLDINGS PLC-CL B / BREA Weekly stock chart

BRERA HOLDINGS PLC-CL B / BREA Daily stock chart

Setup Rating and Analysis

Although BREA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

16.43

25.16

We found 1 important resistance area.

A resistance zone ranging from 24.89 to 24.91. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 BREA is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BREA is up.
ChartMill Relative Strength	98.55	POSITIVE	BREA has a high relative strength, it outperformed 98.55% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BREA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BREA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BREA is above the rising SMA(200).
Relative Strength Index/RSI (14)	93.4	OVERBOUGHT	The high RSI value suggests BREA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.29	POSITIVE	The MACD value suggests BREA has a positive trend.
Stochastics (14,3)	27.45	NEUTRAL	The Stochastics value for BREA is a neutral value.
Average True Range in percent/ATR (20)	12.24	HIGH VOLATILITY	The high ATR as a percentage value for BREA suggests high volalility.
Average Directional Index/ADX (14)	29.96	POSITIVE	The high ADX value value for BREA suggests a strong trend.