BROWN & BROWN INC (BRO) Stock Technical Analysis
NYSE:BRO - US1152361010 - Common Stock
96.95 USD
+0.73 (+0.76%)
96.9763 USD
+0.03 (+0.03%)
Taking everything into account, BRO scores 1 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: 85% of all stocks are doing better.
BRO is part of the Insurance industry. There are 143 other stocks in this industry, of which 77% are performing better than BRO.
BRO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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.
BRO has an average volume of 3663240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 96.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 96.83, a Stop Loss order could be placed below this zone.
More info and screens
90.46
114.55
2 important support areas can be observed.
- A support zone ranging from 95.09 to 96.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 91.37 to 93.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 96.96 to 96.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 99.43 to 101.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @111.53 from a horizontal line in the daily time frame.
- Resistance @113.42 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 | DOWN | NEGATIVE | The short term trend for BRO is down. |
| ChartMill Relative Strength | 15.5 | NEGATIVE | BRO has a low relative strength, it was outperformed by 84.5% 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) | 48.68 | NEUTRAL | The RSI value for BRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests BRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.29 | NEUTRAL | The Stochastics value for BRO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for BRO suggests low volalility. |
| Average Directional Index/ADX (14) | 27.92 | POSITIVE | The high ADX value value for BRO suggests a strong 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)
96.95
+0.73 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.76%
1 Week0.3%
2 Weeks1.69%
1 Month5.11%
3 Month-14.13%
6 Month-18.21%
12 Month-7.78%
2 Year30.84%
3 Year53.79%
5 Year108.94%
10 Year504.8%
15 Year918.38%
Volatility
ATR(14)1.38
ATR(20)%1.42%
ATR Inc-13.39%
Range Today1.2
ADR(20)1.34
ADR(20)%1.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.5
Mansfield-1.81
10 Day High98.3
10 Day Low94.59
20 Day High98.3
20 Day Low90.38
52 Week High125.68
52 Week Low90.38
CS1 End96.83
CR1 Start96.96
Volume & EV
DER(3)-0.35%
DER(5)-1.3%
Volume1.76M
Volume Incr-36.47%
Vol(5)2.40M
Vol(50)3.66M