BRT Technical Analysis - BRT APARTMENTS CORP

Technical Rating and Analysis

Overall BRT gets a technical rating of 0 out of 10. BRT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, BRT is a bad performer in the overall market: 78% of all stocks are doing better.

BRT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

BRT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

BRT is part of the Residential REITs industry. There are 20 other stocks in this industry. BRT outperforms 73% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BRT APARTMENTS CORP / BRT Weekly stock chart

BRT APARTMENTS CORP / BRT Daily stock chart

Setup Rating and Analysis

BRT has a poor technical rating and the quality of the setup is also only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

14.36

16.72

When analyzing the support we notice one important area.

A support zone ranging from 14.51 to 14.52. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 15.46 to 15.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 16.16 to 16.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @16.55 from a horizontal line in the daily time frame.

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Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for BRT is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BRT is down.
ChartMill Relative Strength	22.24	NEGATIVE	BRT has a low relative strength, it was outperformed by 77.76% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BRT is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BRT is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BRT is below a declining SMA(200).
Relative Strength Index/RSI (14)	36.12	NEUTRAL	The RSI value for BRT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests BRT has a negative trend, although the MACD value is rising.
Stochastics (14,3)	26.41	NEUTRAL	The Stochastics value for BRT is a neutral value.
Average True Range in percent/ATR (20)	2.74	MEDIUM VOLATILITY	The ATR as a percentage value for BRT suggests some volalility.
Average Directional Index/ADX (14)	23.16	NEUTRAL	The ADX value for BRT suggests a possible start of a new trend.