BRF Technical Analysis - VANECK BRAZIL SMALL-CAP ETF

Technical Rating and Analysis

Taking everything into account, BRF scores 5 out of 10 in our technical rating. In the last year, BRF was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month BRF has a been trading in the 15.48 - 16.66 range, which is quite wide. It is currently trading near the lows of this range.

Warning: BRF has an average volume of 5973 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

BRF 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 BRF is lagging the market slightly.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When comparing the performance of all stocks over the past year, BRF turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.

BRF is an average performer in the Automobile Components industry, it outperforms 57% of 81 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK BRAZIL SMALL-CAP ETF / BRF Weekly stock chart

VANECK BRAZIL SMALL-CAP ETF / BRF Daily stock chart

Setup Rating and Analysis

BRF has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.94

16.94

When analyzing the support we can see 2 important areas.

Support @14.69 from a trend line in the daily time frame.
A support zone ranging from 14.08 to 14.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

Resistance @15.63 from a trend line in the daily time frame.
A resistance zone ranging from 16.04 to 16.77. This zone is formed by a combination of multiple trend lines and important moving averages 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	UP	POSITIVE	The long term trend for BRF is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BRF is down.
ChartMill Relative Strength	62.86	NEUTRAL	BRF is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BRF is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BRF is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BRF is above the rising SMA(200).
Relative Strength Index/RSI (14)	41.14	NEUTRAL	The RSI value for BRF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests BRF has a negative trend.
Stochastics (14,3)	13.32	OVERSOLD	The low Stochastics value suggests BRF may be oversold.
Average True Range in percent/ATR (20)	1.45	LOW VOLATILITY	The low ATR as a percentage value for BRF suggests low volalility.
Average Directional Index/ADX (14)	23.06	NEUTRAL	The ADX value for BRF suggests a possible start of a new trend.