BROWN & BROWN INC (BRO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BRO - US1152361010 - Common Stock
We assign a technical rating of 1 out of 10 to BRO. 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.
Although the technical rating is bad, BRO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 80.05, a Stop Loss order could be placed below this zone.
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75.66
2 important support areas can be observed.
- A support zone ranging from 78.37 to 80.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.42 to 76.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 80.87 to 82.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 83.82 to 83.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @85.34 from a trend line in the weekly time frame.
- Resistance @96.88 from a horizontal 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 BRO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BRO is neutral. |
| ChartMill Relative Strength | 17 | NEGATIVE | BRO has a low relative strength, it was outperformed by 83% 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) | 50.69 | NEUTRAL | The RSI value for BRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests BRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.38 | NEUTRAL | The Stochastics value for BRO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for BRO suggests low volalility. |
| Average Directional Index/ADX (14) | 13.82 | NEGATIVE | The low ADX value for BRO suggests a weak or negative trend. |
80.78
-0.04 (-0.05%)
BROWN & BROWN INC / BRO FAQ
Can you provide the ChartMill technical rating for BROWN & BROWN INC?
ChartMill assigns a technical rating of 1 / 10 to BRO.
What is the current trend direction of BROWN & BROWN INC (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 50.6926. 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.
What is the support and resistance level for BRO stock?
BROWN & BROWN INC (BRO) has a support level at 80.05 and a resistance level at 80.87. Check the full technical report for our detailed analysis of BRO support and resistance levels.