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 105.79 - 113.83 range, which is quite wide. It is currently trading near the lows of this range.
BRO has an average volume of 1774890 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 compared to the yearly performance of all other stocks, BRO outperforms 57% of them, which is more or less in line with the market.
BRO is an average performer in the Insurance industry, it outperforms 57% of 143 stocks in the same industry.
BRO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BRO is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
The technical rating of BRO is bad and it also does not present a quality setup 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
102.32
115.12
When analyzing the support we notice one important area.
- Support @103.35 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @107.99 from a horizontal line in the daily time frame.
- A resistance zone ranging from 111.01 to 113.98. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 57.84 | NEUTRAL | BRO is not amongst the best or worst performers 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) | UP | MIXED | The current price of BRO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.64 | NEUTRAL | The RSI value for BRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests BRO has a negative trend. |
| Stochastics (14,3) | 24.26 | NEUTRAL | The Stochastics value for BRO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for BRO suggests some volalility. |
| Average Directional Index/ADX (14) | 25.11 | 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)
107.86
-2.71 (-2.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-2.45%
1 Week-4.89%
2 Weeks-2.67%
1 Month-3.11%
3 Month-8.75%
6 Month3.52%
12 Month19.74%
2 Year56.68%
3 Year84.88%
5 Year164.62%
10 Year556.48%
15 Year1027.06%
Volatility
ATR(14)2.16
ATR(20)%2.02%
ATR Inc64.78%
Range Today4.35
ADR(20)2.14
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.84
Mansfield-0.37
10 Day High113.84
10 Day Low105.79
20 Day High113.84
20 Day Low105.79
52 Week High125.68
52 Week Low88.31
CS1 End103.35
CR1 Start107.99
Volume & EV
DER(3)-1.72%
DER(5)-1.18%
Volume1.75M
Volume Incr-24.89%
Vol(5)1.11M
Vol(50)1.77M