BRIGHTSPIRE CAPITAL INC (BRSP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BRSP - US10949T1097 - REIT
We assign a technical rating of 8 out of 10 to BRSP. Although BRSP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
BRSP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 5.90. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
4.94
We found 3 important support areas.
- A support zone ranging from 5.37 to 5.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.22 from a trend line in the daily time frame.
- A support zone ranging from 4.99 to 5.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.90 to 6.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.35 from a horizontal 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 | 41.27 | 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) | 64.81 | NEUTRAL | The RSI value for BRSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BRSP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.9 | NEUTRAL | The Stochastics value for BRSP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for BRSP suggests low volalility. |
| Average Directional Index/ADX (14) | 35.78 | POSITIVE | The high ADX value value for BRSP suggests a strong trend. |
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 |
|---|---|---|---|
| 5.91 | 5.70 | 0.22 (3.65%) | 25.00% |
| An entry @5.91. This is a Buy Stop order right above the 10 day moving average. | An exit @5.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.22 points, which is 3.65%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- 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.
5.89
-0.05 (-0.84%)
BRIGHTSPIRE CAPITAL INC / BRSP FAQ
What is the technical rating for BRSP stock?
ChartMill assigns a technical rating of 8 / 10 to BRSP.
What is the current trend direction of BRIGHTSPIRE CAPITAL INC (BRSP) stock?
The current trend direction for BRIGHTSPIRE CAPITAL INC (BRSP) is Bullish.
What is the RSI signal for BRSP stock?
BRIGHTSPIRE CAPITAL INC (BRSP) has an RSI value of 64.8079. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BRIGHTSPIRE CAPITAL INC?
The MACD indicator for BRIGHTSPIRE CAPITAL INC (BRSP) has a value of 0.00315952, indicating a bearish trend.
What is the short term momentum for BRIGHTSPIRE CAPITAL INC (BRSP) stock?
The short term momentum for BRIGHTSPIRE CAPITAL INC (BRSP) is positive.