BRERA HOLDINGS PLC-CL B (BREA) Stock Technical Analysis
NASDAQ:BREA - Nasdaq - IE000SI5SP84 - Common Stock - Currency: USD
Overall BREA gets a technical rating of 6 out of 10. In the last year, BREA was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, BREA is a bad performer in the overall market: 62% of all stocks are doing better.
BREA 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.
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.
In the last month BREA has a been trading in the 5.90 - 7.90 range, which is quite wide. It is currently trading near the high of this range.
BREA is part of the Entertainment industry. There are 72 other stocks in this industry, BREA did better than 43% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, BREA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BREA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.10
7.95
When analyzing the support we can see 7 important areas.
- A support zone ranging from 7.63 to 7.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 6.98 to 7.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.81 from a trend line in the weekly time frame.
- A support zone ranging from 6.69 to 6.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.54 from a trend line in the weekly time frame.
- Support @6.30 from a horizontal line in the daily time frame.
- A support zone ranging from 6.16 to 6.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.87 to 7.87. 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 | 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 | 38.55 | NEUTRAL | BREA is not amongst the best or worst performers 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) | 58.15 | NEUTRAL | The RSI value for BREA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BREA has a positive trend. |
| Stochastics (14,3) | 82.83 | OVERBOUGHT | The high Stochastics value suggests BREA may be overbought. |
| Average True Range in percent/ATR (20) | 8.29 | HIGH VOLATILITY | The high ATR as a percentage value for BREA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.84 | NEGATIVE | The low ADX value for BREA 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)
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 |
|---|---|---|---|
| 7.88 | 7.62 | 0.26 (3.30%) | 25.00% |
| An entry @7.88. This is a Buy Stop order right above the resistance zone. | An exit @7.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.26 points, which is 3.30%. | For a 0.82% 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 BREA. 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.
7.69
+0.14 (+1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg1.85%
1 Week13.73%
2 Weeks11.48%
1 Month9.34%
3 Month13.09%
6 Month-9.53%
12 Month-6.21%
2 Year-54.76%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%8.29%
ATR Inc-62.42%
Range Today0.2
ADR(20)0.62
ADR(20)%8.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.55
Mansfield-0.18
10 Day High7.9
10 Day Low5.9
20 Day High7.9
20 Day Low5.9
52 Week High19.5
52 Week Low5
CS1 End7.65
CR1 Start7.87
Volume & EV
DER(3)-1.62%
DER(5)9.92%
Volume4.50K
Volume Incr-93.08%
Vol(5)10.76K
Vol(50)96.48K