BROWN & BROWN INC (BRO) Stock Technical Analysis
NYSE:BRO - New York Stock Exchange, Inc. - US1152361010 - Common Stock - Currency: USD
Overall BRO gets a technical rating of 1 out of 10. BRO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month BRO has a been trading in the 101.99 - 111.63 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BRO has an average volume of 3242000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, BRO turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
BRO is an average performer in the Insurance industry, it outperforms 49% of 144 stocks in the same industry.
BRO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BRO is lagging the market.
Volume is considerably higher in the last couple of days.
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 110.22. 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
99.53
125.67
We found 3 important support areas.
- A support zone ranging from 106.62 to 108.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @103.35 from a horizontal line in the daily time frame.
- A support zone ranging from 100.54 to 101.01. 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 109.23 to 112.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 122.93 to 124.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for BRO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRO is down. |
| ChartMill Relative Strength | 45.31 | NEUTRAL | BRO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BRO is above 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) | UP | MIXED | The current price of BRO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.23 | NEUTRAL | The RSI value for BRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests BRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.21 | NEUTRAL | The Stochastics value for BRO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for BRO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.36 | NEGATIVE | The low ADX value for BRO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
108.7
+0.89 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.83%
1 Week-0.52%
2 Weeks0.38%
1 Month-2.23%
3 Month-5.49%
6 Month7%
12 Month20.08%
2 Year54.29%
3 Year66.97%
5 Year139.06%
10 Year549.93%
15 Year985.91%
Volatility
ATR(14)2.09
ATR(20)%2.23%
ATR Inc-10.8%
Range Today1.06
ADR(20)2.35
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.31
Mansfield-0.73
10 Day High111.1
10 Day Low105.97
20 Day High111.63
20 Day Low101.99
52 Week High125.68
52 Week Low89.92
CS1 End106.62
CR1 Start110.22
Volume & EV
DER(3)-1.15%
DER(5)-0.09%
Volume2.98M
Volume Incr68.94%
Vol(5)7.01M
Vol(50)3.24M