SABA CAPITAL INCOME & OPPORT (BRW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BRW - US78518H2022
Taking everything into account, BRW scores 0 out of 10 in our technical rating. BRW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, BRW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.00, a Stop Loss order could be placed below this zone.
More info and screens
6.87
We found 1 important support area.
- A support zone ranging from 6.94 to 7.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.01 to 7.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.43 from a horizontal line in the daily time frame.
- Resistance @7.72 from a trend line in the daily 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 BRW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRW is down. |
| ChartMill Relative Strength | 25.04 | NEGATIVE | BRW has a low relative strength, it was outperformed by 74.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BRW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BRW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.12 | NEUTRAL | The RSI value for BRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BRW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.07 | NEUTRAL | The Stochastics value for BRW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for BRW suggests low volalility. |
| Average Directional Index/ADX (14) | 30.46 | POSITIVE | The high ADX value value for BRW suggests a strong trend. |
7.01
+0.03 (+0.43%)
SABA CAPITAL INCOME & OPPORT / BRW FAQ
What is the ChartMill technical rating of SABA CAPITAL INCOME & OPPORT (BRW) stock?
ChartMill assigns a technical rating of 0 / 10 to BRW.
What is the trend direction for BRW stock?
The current trend direction for SABA CAPITAL INCOME & OPPORT (BRW) is Bearish.
What is the RSI signal for BRW stock?
SABA CAPITAL INCOME & OPPORT (BRW) has an RSI value of 41.1222. This indicates that the stock is currently neutral.
What is the short term momentum for SABA CAPITAL INCOME & OPPORT (BRW) stock?
The short term momentum for SABA CAPITAL INCOME & OPPORT (BRW) is negative.
Can you provide the buy/sell signal for SABA CAPITAL INCOME & OPPORT?
The buy/sell signal for SABA CAPITAL INCOME & OPPORT (BRW) is sell as both the short term and long term trends are negative.