BROOKLINE BANCORP INC (BRKL) Technical Analysis
NASDAQ:BRKL • US11373M1071
Current stock price
BRKL Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to BRKL. BRKL has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- BRKL is one of the lesser performing stocks in the Banks industry. 70% of 376 stocks in the same industry do better.
- 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 BRKL has a been trading in the 9.92 - 11.24 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, BRKL turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
- BRKL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BRKL is lagging the market.
- Volume is considerably higher in the last couple of days.
BRKL Weekly and Daily overview Charts
BRKL Setup Rating and Analysis
BRKL has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
BRKL Support and Resistance Analysis
9.42
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.65 to 10.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.19 to 10.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.02 from a horizontal line in the daily time frame.
- A support zone ranging from 9.52 to 9.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 11.15 to 11.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
BRKL 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 BRKL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRKL is up. |
| ChartMill Relative Strength | 51.6 | NEUTRAL | BRKL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRKL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRKL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRKL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.32 | NEUTRAL | The RSI value for BRKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BRKL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.41 | OVERBOUGHT | The high Stochastics value suggests BRKL may be overbought. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for BRKL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.58 | NEUTRAL | The ADX value for BRKL suggests a possible start of a new trend. |
BRKL Chart- and CandleStick Pattern Analysis
BRKL Example Setup
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 |
|---|---|---|---|
| 11.32 | 10.64 | 0.68 (6.01%) | 16.65% |
| An entry @11.32. This is a Buy Stop order right above the resistance zone. | An exit @10.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.68 points, which is 6.01%. | When investing 16.65% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
BRKL Technicals: Chart, Performance Metrics, Trend & Indicators
10.95
-0.07 (-0.64%)
BROOKLINE BANCORP INC / BRKL TA FAQ
What is the ChartMill technical rating of BROOKLINE BANCORP INC (BRKL) stock?
ChartMill assigns a technical rating of 7 / 10 to BRKL.
Can you provide the trend direction for BROOKLINE BANCORP INC?
The current trend direction for BROOKLINE BANCORP INC (BRKL) is Bearish.
Can you provide the RSI signal for BROOKLINE BANCORP INC?
BROOKLINE BANCORP INC (BRKL) has an RSI value of 55.3246. This indicates that the stock is currently neutral.
What is the MACD signal for BROOKLINE BANCORP INC (BRKL) stock?
The MACD indicator for BROOKLINE BANCORP INC (BRKL) has a value of 0.0581079, indicating a bearish trend.
What is the support and resistance level for BRKL stock?
BROOKLINE BANCORP INC (BRKL) has a support level at 10.88 and a resistance level at 11.15. Check the full technical report for our detailed analysis of BRKL support and resistance levels.