ROUNDHILL BRKB WEEKLYPAY ETF (BRKW) Stock Technical Analysis
NYSEARCA:BRKW - NYSE Arca - US77926X6278 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to BRKW. BRKW performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of BRKW 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.
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45.35
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 48.83 to 48.83. 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 | UP | POSITIVE | The long term trend for BRKW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRKW is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BRKW has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BRKW is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 30.18 | NEUTRAL | The RSI value for BRKW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.74 | NEGATIVE | The MACD value suggests BRKW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.61 | OVERSOLD | The low Stochastics value suggests BRKW may be oversold. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for BRKW suggests low volalility. |
| Average Directional Index/ADX (14) | 27.12 | POSITIVE | The high ADX value value for BRKW suggests a strong trend. |
45.8044
+0.66 (+1.45%)