BROOKLINE BANCORP INC (BRKL) Stock Technical Analysis
NASDAQ:BRKL - Nasdaq - US11373M1071 - Common Stock - Currency: USD
Overall BRKL gets a technical rating of 2 out of 10. Although BRKL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
In the last month BRKL has a been trading in the 10.13 - 11.14 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that BRKL is one of the better performing stocks in the market, outperforming 73% of all stocks.
BRKL is part of the Banks industry. There are 396 other stocks in this industry, BRKL did better than 52% of them.
BRKL 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 BRKL is lagging the market slightly.
The technical rating of BRKL is bad and it also does not present a 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.
More info and screens
7.99
12.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.75 to 9.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- Support @8.07 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 10.38 to 10.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.05 to 11.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.77 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for BRKL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BRKL is neutral. |
| ChartMill Relative Strength | 73.04 | POSITIVE | BRKL has a high relative strength, it outperformed 73.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BRKL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BRKL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BRKL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.53 | NEUTRAL | The RSI value for BRKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BRKL has a negative trend. |
| Stochastics (14,3) | 55.38 | NEUTRAL | The Stochastics value for BRKL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for BRKL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.18 | NEGATIVE | The low ADX value for BRKL 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)
10.23
-0.36 (-3.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.4%
1 Week-1.92%
2 Weeks-0.97%
1 Month-7.92%
3 Month-6.4%
6 Month-18.55%
12 Month25.52%
2 Year17.05%
3 Year-23.14%
5 Year1.49%
10 Year-9.39%
15 Year15.2%
Volatility
ATR(14)0.23
ATR(20)%2.25%
ATR Inc23.01%
Range Today0.24
ADR(20)0.21
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.04
Mansfield-0.88
10 Day High10.75
10 Day Low10.13
20 Day High11.15
20 Day Low10.13
52 Week High13.15
52 Week Low8.07
CS1 End9.87
CR1 Start10.38
Volume & EV
DER(3)-5.33%
DER(5)1.9%
Volume364.90K
Volume Incr12.23%
Vol(5)521.56K
Vol(50)532.87K