BROWN & BROWN INC (BRO) Technical Analysis
NYSE:BRO • US1152361010
Current stock price
BRO Technical Rating and Analysis
Overall BRO gets a technical rating of 1 out of 10. BRO's overall performance in the market is below average. Also 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.
- When comparing the yearly performance of all stocks, BRO is a bad performer in the overall market: 91% of all stocks are doing better.
- BRO is part of the Insurance industry. There are 148 other stocks in this industry, of which 80% are performing better than BRO.
- BRO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month BRO has a been trading in the 63.29 - 69.02 range, which is quite wide. It is currently trading near the high of this range.
- BRO has an average volume of 3456390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BRO Weekly and Daily overview Charts
BRO Setup Rating and Analysis
Although the technical rating is bad, BRO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 67.73. Right above this resistance zone may be a good entry point. 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
BRO Support and Resistance Analysis
62.80
When analyzing the support we notice one important area.
- A support zone ranging from 63.43 to 63.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 67.73 to 69.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @74.03 from a horizontal line in the daily time frame.
BRO Technical Indicator Signal Analysis
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 BRO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BRO is neutral. |
| ChartMill Relative Strength | 9.74 | NEGATIVE | BRO has a low relative strength, it was outperformed by 90.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BRO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.1 | NEUTRAL | The RSI value for BRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests BRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.07 | OVERBOUGHT | The high Stochastics value suggests BRO may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for BRO suggests some volalility. |
| Average Directional Index/ADX (14) | 13.55 | NEGATIVE | The low ADX value for BRO suggests a weak or negative trend. |
BRO Chart- and CandleStick Pattern Analysis
BRO Technicals: Chart, Performance Metrics, Trend & Indicators
67.72
-1.1 (-1.6%)
BROWN & BROWN INC / BRO TA FAQ
Can you provide the ChartMill technical rating for BROWN & BROWN INC?
ChartMill assigns a technical rating of 1 / 10 to BRO.
Can you provide the trend direction for BROWN & BROWN INC?
The current trend direction for BROWN & BROWN INC (BRO) is Bearish.
What is the RSI signal for BROWN & BROWN INC (BRO) stock?
BROWN & BROWN INC (BRO) has an RSI value of 51.0995. This indicates that the stock is currently neutral.
What is the short term momentum for BROWN & BROWN INC (BRO) stock?
The short term momentum for BROWN & BROWN INC (BRO) is neutral.