BRIGHTSPIRE CAPITAL INC (BRSP) Stock Technical Analysis
NYSE:BRSP - US10949T1097 - REIT
5.71 USD
-0.02 (-0.35%)
5.71 USD
0 (0%)
Taking everything into account, BRSP scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BRSP is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
BRSP is one of the better performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 80% of 67 stocks in the same industry.
In the last month BRSP has a been trading in the 5.05 - 5.80 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, BRSP turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
BRSP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BRSP is lagging the market.
Besides having an excellent technical rating, BRSP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.85
6.11
We found 4 important support areas.
- A support zone ranging from 5.58 to 5.62. 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 5.10 to 5.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.99 from a horizontal line in the daily time frame.
- A support zone ranging from 4.90 to 4.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.78 to 5.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.05 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for BRSP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRSP is up. |
| ChartMill Relative Strength | 50.34 | NEUTRAL | BRSP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRSP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRSP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BRSP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.94 | NEUTRAL | The RSI value for BRSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BRSP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.72 | OVERBOUGHT | The high Stochastics value suggests BRSP may be overbought. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for BRSP suggests some volalility. |
| Average Directional Index/ADX (14) | 38.81 | POSITIVE | The high ADX value value for BRSP 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.79 | 5.57 | 0.22 (3.80%) | 25.00% |
| An entry @5.79. This is a Buy Stop order right above the resistance zone. | An exit @5.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.22 points, which is 3.80%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.71
-0.02 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-0.35%
1 Week1.06%
2 Weeks4.37%
1 Month15.06%
3 Month13.24%
6 Month-8.03%
12 Month-3.7%
2 Year-17.67%
3 Year-31.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%2.59%
ATR Inc-32.56%
Range Today0.08
ADR(20)0.14
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.34
Mansfield-0.6
10 Day High5.8
10 Day Low5.46
20 Day High5.8
20 Day Low5.05
52 Week High6.45
52 Week Low4.16
CS1 End5.62
CR1 Start5.78
Volume & EV
DER(3)-1.26%
DER(5)-0.51%
Volume485.55K
Volume Incr-25.46%
Vol(5)602.64K
Vol(50)718.26K