BROWN & BROWN INC (BRO) Stock Technical Analysis
USA - NYSE:BRO - US1152361010 - Common Stock
We assign a technical rating of 0 out of 10 to BRO. 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.
BRO has a poor technical rating and the quality of the setup is also not perfect 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.
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77.74
When analyzing the support we notice one important area.
- Support @78.53 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 88.00 to 92.08. 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 | 12.57 | NEGATIVE | BRO has a low relative strength, it was outperformed by 87.43% 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) | 29.86 | OVERSOLD | The low RSI value suggests BRO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests BRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.29 | OVERSOLD | The low Stochastics value suggests BRO may be oversold. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for BRO suggests some volalility. |
| Average Directional Index/ADX (14) | 41.91 | POSITIVE | The high ADX value value for BRO suggests a strong trend. |
78.54
+2.12 (+2.77%)
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 29.8607. This indicates that the stock is currently oversold.
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 78.53 and a resistance level at 88. Check the full technical report for our detailed analysis of BRO support and resistance levels.