SABA CAPITAL INCOME & OPPORT (BRW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BRW - US78518H2022
Overall BRW gets a technical rating of 0 out of 10. 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.
BRW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 6.94, 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 6.94. 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 7.00 to 7.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.14 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.
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 | 21.5 | NEGATIVE | BRW has a low relative strength, it was outperformed by 78.5% 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) | 38.34 | NEUTRAL | The RSI value for BRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BRW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.93 | NEUTRAL | The Stochastics value for BRW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for BRW suggests low volalility. |
| Average Directional Index/ADX (14) | 24.65 | NEUTRAL | The ADX value for BRW suggests a possible start of a new trend. |
6.97
-0.05 (-0.7%)
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.
Can you provide the trend direction for SABA CAPITAL INCOME & OPPORT?
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 38.3362. This indicates that the stock is currently neutral.
What is the MACD signal for SABA CAPITAL INCOME & OPPORT (BRW) stock?
The MACD indicator for SABA CAPITAL INCOME & OPPORT (BRW) has a value of 0.00954303, indicating a bearish trend.
What is the support and resistance level for BRW stock?
SABA CAPITAL INCOME & OPPORT (BRW) has a support level at 6.94 and a resistance level at 7. Check the full technical report for our detailed analysis of BRW support and resistance levels.