BRF SA-ADR (BRFS) Stock Technical Analysis
NYSE:BRFS - New York Stock Exchange, Inc. - US10552T1079 - ADR - Currency: USD
Taking everything into account, BRFS scores 6 out of 10 in our technical rating. BRFS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
BRFS is one of the better performing stocks in the Food Products industry, it outperforms 73% of 89 stocks in the same industry.
In the last month BRFS has a been trading in the 3.48 - 3.86 range, which is quite wide. It is currently trading near the high of this range.
BRFS has an average volume of 4035380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, BRFS turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
BRFS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BRFS is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, BRFS does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BRFS 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
3.04
4.05
4 important support areas can be observed.
- A support zone ranging from 3.64 to 3.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.33 to 3.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.20 from a trend line in the weekly time frame.
- Support @3.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.78 from a trend line in the daily time frame.
- A resistance zone ranging from 3.99 to 4.01. 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 BRFS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BRFS is neutral. |
| ChartMill Relative Strength | 54 | NEUTRAL | BRFS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRFS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRFS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRFS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.15 | NEUTRAL | The RSI value for BRFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BRFS has a positive trend. |
| Stochastics (14,3) | 55.31 | NEUTRAL | The Stochastics value for BRFS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for BRFS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.27 | NEGATIVE | The low ADX value for BRFS 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 |
|---|---|---|---|
| 3.79 | 3.63 | 0.16 (4.22%) | 23.69% |
| An entry @3.79. This is a Buy Stop order right above the resistance zone. | An exit @3.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.16 points, which is 4.22%. | When investing 23.69% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BRFS. 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.
3.74
+0.09 (+2.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg2.47%
1 Week-1.84%
2 Weeks5.06%
1 Month2.47%
3 Month8.41%
6 Month-14.02%
12 Month-2.35%
2 Year96.84%
3 Year46.09%
5 Year-5.79%
10 Year-82.11%
15 Year-71.79%
Volatility
ATR(14)0.13
ATR(20)%3.43%
ATR Inc90%
Range Today0.25
ADR(20)0.12
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54
Mansfield-0.89
10 Day High3.86
10 Day Low3.53
20 Day High3.86
20 Day Low3.48
52 Week High4.87
52 Week Low2.99
CS1 End3.71
CR1 Start3.78
Volume & EV
DER(3)12.74%
DER(5)12.61%
Volume6.72M
Volume Incr0.14%
Vol(5)5.56M
Vol(50)4.04M