BROWN & BROWN INC (BRO) Stock Technical Analysis
NYSE:BRO • US1152361010
Taking everything into account, BRO scores 0 out of 10 in our technical rating. 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 negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BRO is a bad performer in the overall market: 88% of all stocks are doing better.
- BRO is one of the lesser performing stocks in the Insurance industry. 76% of 149 stocks in the same industry do better.
- 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.
- BRO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- BRO has an average volume of 3217370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BRO has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
68.99
We can see 4 important resistance areas.
- A resistance zone ranging from 69.70 to 70.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @74.42 from a trend line in the daily time frame.
- A resistance zone ranging from 76.73 to 77.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 80.71 to 80.71. This zone is formed by a combination of multiple trend lines 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 BRO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRO is down. |
| ChartMill Relative Strength | 12.45 | NEGATIVE | BRO has a low relative strength, it was outperformed by 87.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BRO is below a declining 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) | 39.14 | NEUTRAL | The RSI value for BRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests BRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.72 | NEUTRAL | The Stochastics value for BRO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for BRO suggests some volalility. |
| Average Directional Index/ADX (14) | 35.12 | POSITIVE | The high ADX value value for BRO suggests a strong trend. |
69.69
+0.86 (+1.25%)
BROWN & BROWN INC / BRO FAQ
Can you provide the ChartMill technical rating for BROWN & BROWN INC?
ChartMill assigns a technical rating of 0 / 10 to BRO.
What is the trend direction for BRO stock?
The current trend direction for BROWN & BROWN INC (BRO) is Bearish.
What is the RSI signal for BRO stock?
BROWN & BROWN INC (BRO) has an RSI value of 39.1445. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for BROWN & BROWN INC?
The buy/sell signal for BROWN & BROWN INC (BRO) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for BROWN & BROWN INC (BRO) stock?
BROWN & BROWN INC (BRO) has a resistance level at 69.7. Check the full technical report for our detailed analysis of BRO support and resistance levels.