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.
- 87% of all other stocks performed better in the past year than BRO.
- BRO is one of the lesser performing stocks in the Insurance industry. 74% of 149 stocks in the same industry do better.
- 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 has an average volume of 3324000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month BRO has a been trading in the 65.68 - 75.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BRO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
71.10
We can see 3 important resistance areas.
- Resistance @72.74 from a trend line in the daily time frame.
- A resistance zone ranging from 75.62 to 76.95. 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 82.33. 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 | 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 | 13.29 | NEGATIVE | BRO has a low relative strength, it was outperformed by 86.71% off all stocks 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) | DOWN | NEGATIVE | The current price of BRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.2 | NEUTRAL | The RSI value for BRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests BRO has a positive trend. |
| Stochastics (14,3) | 61.68 | NEUTRAL | The Stochastics value for BRO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for BRO suggests some volalility. |
| Average Directional Index/ADX (14) | 27.88 | POSITIVE | The high ADX value value for BRO suggests a strong trend. |
71.82
+0.6 (+0.84%)
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 49.2003. 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 72.74. Check the full technical report for our detailed analysis of BRO support and resistance levels.