BRILLIANT EARTH GROUP INC-A (BRLT) Stock Technical Analysis
USA - NASDAQ:BRLT - US1095041000 - Common Stock
We assign a technical rating of 3 out of 10 to BRLT. In the last year, BRLT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is bad, BRLT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 2.02, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.28
We found 3 important support areas.
- A support zone ranging from 2.01 to 2.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.35 to 1.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.29 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @2.82 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for BRLT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRLT is down. |
| ChartMill Relative Strength | 70.19 | POSITIVE | BRLT has a high relative strength, it outperformed 70.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BRLT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BRLT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BRLT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.55 | NEUTRAL | The RSI value for BRLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BRLT has a negative trend. |
| Stochastics (14,3) | 6.72 | OVERSOLD | The low Stochastics value suggests BRLT may be oversold. |
| Average True Range in percent/ATR (20) | 10.49 | HIGH VOLATILITY | The high ATR as a percentage value for BRLT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.09 | NEGATIVE | The low ADX value for BRLT suggests a weak or negative trend. |
2.19
+0.01 (+0.46%)
BRILLIANT EARTH GROUP INC-A / BRLT FAQ
What is the technical rating for BRLT stock?
ChartMill assigns a technical rating of 3 / 10 to BRLT.
Can you provide the trend direction for BRILLIANT EARTH GROUP INC-A?
The current trend direction for BRILLIANT EARTH GROUP INC-A (BRLT) is Bullish.
What is the RSI signal for BRLT stock?
BRILLIANT EARTH GROUP INC-A (BRLT) has an RSI value of 42.5525. This indicates that the stock is currently neutral.
What is the MACD signal for BRLT stock?
The MACD indicator for BRILLIANT EARTH GROUP INC-A (BRLT) has a value of -0.0440805, indicating a bearish trend.
Can you provide the support and resistance levels for BRILLIANT EARTH GROUP INC-A?
BRILLIANT EARTH GROUP INC-A (BRLT) has a support level at 2.02 and a resistance level at 2.82. Check the full technical report for our detailed analysis of BRLT support and resistance levels.