BRFS Technical Analysis - BRF SA-ADR

Technical Rating and Analysis

Taking everything into account, BRFS scores 4 out of 10 in our technical rating. In the past year, BRFS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, BRFS is a bad performer in the overall market: 80% of all stocks are doing better.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

BRFS has an average volume of 2087830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

BRFS is an average performer in the Food Products industry, it outperforms 55% of 89 stocks in the same industry.

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

In the last month BRFS has a been trading in the 3.51 - 4.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

BRFS has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside 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

3.27

4.03

4 important support areas can be observed.

A support zone ranging from 3.70 to 3.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 3.51 to 3.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 3.38 to 3.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @3.30 from a trend line in the weekly time frame.

We found 1 important resistance area.

Resistance @3.99 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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 BRFS is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BRFS is up.
ChartMill Relative Strength	20.67	NEGATIVE	BRFS has a low relative strength, it was outperformed by 79.33% off all stocks 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)	DOWN	MIXED	The current price of BRFS is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of BRFS is above a declining SMA(200).
Relative Strength Index/RSI (14)	51.59	NEUTRAL	The RSI value for BRFS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests BRFS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	69.93	NEUTRAL	The Stochastics value for BRFS is a neutral value.
Average True Range in percent/ATR (20)	3.24	MEDIUM VOLATILITY	The ATR as a percentage value for BRFS suggests some volalility.
Average Directional Index/ADX (14)	16.85	NEGATIVE	The low ADX value for BRFS suggests a weak or negative trend.