BROOKLINE BANCORP INC (BRKL) Stock Technical Analysis
NASDAQ:BRKL - Nasdaq - US11373M1071 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to BRKL. In the past year, BRKL was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, BRKL did better than 77% of all other stocks.
In the last month BRKL has a been trading in the 9.98 - 11.38 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BRKL is part of the Banks industry. There are 395 other stocks in this industry, BRKL did better than 51% of them.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BRKL has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.99
12.95
When analyzing the support we can see 5 important areas.
- Support @11.19 from a horizontal line in the daily time frame.
- A support zone ranging from 10.49 to 10.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.97 to 10.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.70 from a horizontal line in the daily time frame.
- Support @8.07 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.63 to 12.82. 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 BRKL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRKL is up. |
| ChartMill Relative Strength | 77.49 | POSITIVE | BRKL has a high relative strength, it outperformed 77.49% off all stocks 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) | UP | POSITIVE | The current price of BRKL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.22 | NEUTRAL | The RSI value for BRKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests BRKL has a positive trend. |
| Stochastics (14,3) | 93.84 | OVERBOUGHT | The high Stochastics value suggests BRKL may be overbought. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for BRKL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.3 | NEUTRAL | The ADX value for BRKL suggests a possible start of a new 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)
11.3
+0.15 (+1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.35%
1 Week6.6%
2 Weeks12.77%
1 Month10.19%
3 Month14.84%
6 Month-3.67%
12 Month34.05%
2 Year5.81%
3 Year-18.29%
5 Year17.77%
10 Year0.27%
15 Year16.74%
Volatility
ATR(14)0.26
ATR(20)%2.16%
ATR Inc11.83%
Range Today0.25
ADR(20)0.23
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.49
Mansfield-0.44
10 Day High11.38
10 Day Low9.98
20 Day High11.38
20 Day Low9.98
52 Week High13.15
52 Week Low8.39
CS1 End11.19
CR1 Start12.63
Volume & EV
DER(3)5.04%
DER(5)2.45%
Volume614.00K
Volume Incr33.42%
Vol(5)723.00K
Vol(50)526.02K