BOREALIS FOODS INC (BRLS) Stock Technical Analysis
USA - NASDAQ:BRLS - CA09973D1050 - Common Stock
Overall BRLS gets a technical rating of 3 out of 10. In the past year, BRLS 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.
BRLS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 3.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BRLS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.12
We found 1 important support area.
- A support zone ranging from 3.15 to 3.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.49 to 3.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.67 from a trend 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 BRLS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BRLS is neutral. |
| ChartMill Relative Strength | 17.29 | NEGATIVE | BRLS has a low relative strength, it was outperformed by 82.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BRLS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRLS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRLS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.45 | NEUTRAL | The RSI value for BRLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BRLS has a negative trend. |
| Stochastics (14,3) | 15.07 | OVERSOLD | The low Stochastics value suggests BRLS may be oversold. |
| Average True Range in percent/ATR (20) | 8.87 | HIGH VOLATILITY | The high ATR as a percentage value for BRLS suggests high volalility. |
| Average Directional Index/ADX (14) | 21.68 | NEUTRAL | The ADX value for BRLS suggests a possible start of a new trend. |
3.27
+0.07 (+2.19%)
BOREALIS FOODS INC / BRLS FAQ
Can you provide the ChartMill technical rating for BOREALIS FOODS INC?
ChartMill assigns a technical rating of 3 / 10 to BRLS.
What is the trend direction for BRLS stock?
The current trend direction for BOREALIS FOODS INC (BRLS) is Bearish.
Can you provide the RSI signal for BOREALIS FOODS INC?
BOREALIS FOODS INC (BRLS) has an RSI value of 45.4543. This indicates that the stock is currently neutral.
What is the MACD signal for BOREALIS FOODS INC (BRLS) stock?
The MACD indicator for BOREALIS FOODS INC (BRLS) has a value of -0.0577499, indicating a bearish trend.
What is the short term momentum for BOREALIS FOODS INC (BRLS) stock?
The short term momentum for BOREALIS FOODS INC (BRLS) is neutral.