BROWN & BROWN INC (BRO) Stock Technical Analysis
USA - NYSE:BRO - US1152361010 - Common Stock
Overall BRO gets a technical rating of 0 out of 10. BRO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BRO has a poor technical rating and the quality of the setup is also only medium 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
77.75
When analyzing the support we notice one important area.
- A support zone ranging from 78.54 to 79.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 80.72 to 81.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 87.94 to 90.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for BRO is down. |
| ChartMill Relative Strength | 15.92 | NEGATIVE | BRO has a low relative strength, it was outperformed by 84.08% off all stocks 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) | DOWN | NEGATIVE | The current price of BRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.06 | NEUTRAL | The RSI value for BRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests BRO has a positive trend. |
| Stochastics (14,3) | 48.63 | NEUTRAL | The Stochastics value for BRO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for BRO suggests some volalility. |
| Average Directional Index/ADX (14) | 39.96 | POSITIVE | The high ADX value value for BRO suggests a strong trend. |
80.71
+0.01 (+0.01%)
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 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 39.0582. 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 negative.
What is the support and resistance level for BRO stock?
BROWN & BROWN INC (BRO) has a support level at 79.2 and a resistance level at 80.72. Check the full technical report for our detailed analysis of BRO support and resistance levels.