BRIGHTSPIRE CAPITAL INC (BRSP) Technical Analysis
NYSE:BRSP • US10949T1097
Current stock price
BRSP Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to BRSP. 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.
- The long and short term trends are both positive. This is looking good!
- BRSP is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 68 other stocks in this industry. BRSP outperforms 97% of them.
- BRSP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BRSP has a been trading in the 5.44 - 6.11 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, BRSP outperforms 66% of them, which is more or less in line with the market.
BRSP Weekly and Daily overview Charts
BRSP Setup Rating and Analysis
BRSP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.00, a Stop Loss order could be placed below this zone.
More info and screens
BRSP Support and Resistance Analysis
5.34
When analyzing the support we can see 4 important areas.
- A support zone ranging from 5.94 to 6.00. 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 5.74 to 5.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.59 to 5.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.39 to 5.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.07 to 6.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
BRSP Technical Indicator Signal Analysis
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 | 66.96 | 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) | UP | POSITIVE | The current price of BRSP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.07 | NEUTRAL | The RSI value for BRSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BRSP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.25 | OVERBOUGHT | The high Stochastics value suggests BRSP may be overbought. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for BRSP suggests some volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for BRSP suggests a possible start of a new trend. |
BRSP Chart- and CandleStick Pattern Analysis
BRSP Example Setup
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 |
|---|---|---|---|
| 6.16 | 5.93 | 0.23 (3.73%) | 25.00% |
| An entry @6.16. This is a Buy Stop order right above the resistance zone. | An exit @5.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.23 points, which is 3.73%. | For a 0.93% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
BRSP Technicals: Chart, Performance Metrics, Trend & Indicators
6.06
+0.02 (+0.33%)
BRIGHTSPIRE CAPITAL INC / BRSP TA FAQ
What is the technical rating for BRSP stock?
ChartMill assigns a technical rating of 8 / 10 to BRSP.
What is the trend direction for BRSP stock?
The current trend direction for BRIGHTSPIRE CAPITAL INC (BRSP) is Bullish.
What is the RSI signal for BRIGHTSPIRE CAPITAL INC (BRSP) stock?
BRIGHTSPIRE CAPITAL INC (BRSP) has an RSI value of 64.0698. This indicates that the stock is currently neutral.
What is the MACD signal for BRIGHTSPIRE CAPITAL INC (BRSP) stock?
The MACD indicator for BRIGHTSPIRE CAPITAL INC (BRSP) has a value of 0.0285843, indicating a bearish trend.
Can you provide the buy/sell signal for BRIGHTSPIRE CAPITAL INC?
The buy/sell signal for BRIGHTSPIRE CAPITAL INC (BRSP) is buy as both the short term and long term trends are positive.