BRIGHTSPIRE CAPITAL INC (BRSP) Stock Technical Analysis
NYSE:BRSP - New York Stock Exchange, Inc. - US10949T1097 - REIT - Currency: USD
We assign a technical rating of 5 out of 10 to BRSP. In the past year, BRSP was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
BRSP is one of the better performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 74% of 67 stocks in the same industry.
In the last month BRSP has a been trading in the 4.84 - 5.37 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, BRSP outperforms 44% of them, which is more or less in line with the market.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BRSP has an average technical rating and the quality of the presented setup is also not ideal 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
4.85
6.40
When analyzing the support we notice one important area.
- A support zone ranging from 4.90 to 5.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 5.33 to 5.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.66 from a trend line in the weekly time frame.
- Resistance @6.07 from a trend line in the weekly time frame.
- A resistance zone ranging from 6.34 to 6.34. 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 | NEUTRAL | NEUTRAL | The long term trend for BRSP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRSP is up. |
| ChartMill Relative Strength | 44.31 | 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 | NEGATIVE | The current price of BRSP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.03 | NEUTRAL | The RSI value for BRSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BRSP has a positive trend. |
| Stochastics (14,3) | 75.25 | NEUTRAL | The Stochastics value for BRSP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for BRSP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.73 | NEUTRAL | The ADX value for BRSP suggests a possible start of a new 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)
5.32
+0.16 (+3.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg3.1%
1 Week7.04%
2 Weeks7.69%
1 Month3.91%
3 Month2.31%
6 Month-6.83%
12 Month1.72%
2 Year-23.56%
3 Year-36.67%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%2.62%
ATR Inc19.55%
Range Today0.19
ADR(20)0.13
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.31
Mansfield-1.17
10 Day High5.37
10 Day Low4.87
20 Day High5.37
20 Day Low4.84
52 Week High6.45
52 Week Low4.16
CS1 End5.16
CR1 Start5.33
Volume & EV
DER(3)3.44%
DER(5)2.89%
Volume1.19M
Volume Incr63.17%
Vol(5)1.18M
Vol(50)675.04K