BRIGHTSPIRE CAPITAL INC (BRSP) Stock Technical Analysis
NYSE:BRSP - New York Stock Exchange, Inc. - US10949T1097 - REIT - Currency: USD
We assign a technical rating of 1 out of 10 to BRSP. BRSP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BRSP is a bad performer in the overall market: 80% of all stocks are doing better.
BRSP is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 78% of 65 stocks in the same industry do better.
In the last month BRSP has a been trading in the 4.87 - 5.44 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BRSP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BRSP is lagging the market slightly.
BRSP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for BRSP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.93
6.54
We found 2 important support areas.
- Support @5.12 from a trend line in the daily time frame.
- A support zone ranging from 4.98 to 5.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 5.13 to 5.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.39 to 5.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.91 to 6.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.15 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.
- Resistance @6.48 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 | DOWN | NEGATIVE | The long term trend for BRSP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRSP is down. |
| ChartMill Relative Strength | 20.46 | NEGATIVE | BRSP has a low relative strength, it was outperformed by 79.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BRSP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BRSP is below a declining 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) | 49.86 | NEUTRAL | The RSI value for BRSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BRSP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.18 | NEUTRAL | The Stochastics value for BRSP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for BRSP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.76 | 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)
5.13
+0.06 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg1.18%
1 Week2.81%
2 Weeks-3.21%
1 Month2.4%
3 Month-17.66%
6 Month-19.09%
12 Month-15.21%
2 Year-13.34%
3 Year-42.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%2.81%
ATR Inc-40.94%
Range Today0.08
ADR(20)0.13
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.46
Mansfield-1.33
10 Day High5.44
10 Day Low4.87
20 Day High5.44
20 Day Low4.87
52 Week High6.71
52 Week Low4.16
CS1 End5.12
CR1 Start5.13
Volume & EV
DER(3)3.11%
DER(5)1.71%
Volume278.10K
Volume Incr0.53%
Vol(5)521.94K
Vol(50)737.12K