SABA CAPITAL INCOME & OPPORT (BRW) Stock Technical Analysis
USA - NYSE:BRW - US78518H2022
7.48 USD
-0.08 (-1.06%)
7.4798 USD
0 (0%)
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
74% of all other stocks performed better in the past year than BRW.
BRW 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.
BRW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BRW is lagging the market.
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. We notice that large players showed an interest for BRW 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
6.92
8.55
2 important support areas can be observed.
- Support @7.44 from a trend line in the daily time frame.
- A support zone ranging from 6.99 to 7.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.51 to 7.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.73 to 7.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.39 to 8.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 26.7 | NEGATIVE | BRW has a low relative strength, it was outperformed by 73.3% 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) | 36.41 | 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) | 27.04 | NEUTRAL | The Stochastics value for BRW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for BRW suggests some volalility. |
| Average Directional Index/ADX (14) | 35.27 | POSITIVE | The high ADX value value for BRW suggests a strong 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)
7.48
-0.08 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.06%
1 Week-0.66%
2 Weeks-3.73%
1 Month-6.97%
3 Month-9.66%
6 Month3.17%
12 Month0.67%
2 Year1.22%
3 Year-4.59%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%2.09%
ATR Inc-44.32%
Range Today0.08
ADR(20)0.15
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.7
Mansfield-1.31
10 Day High7.75
10 Day Low7.3
20 Day High8.19
20 Day Low7.3
52 Week High8.49
52 Week Low6.91
CS1 End7.44
CR1 Start7.51
Volume & EV
DER(3)4.34%
DER(5)3.37%
Volume222.10K
Volume Incr-16.09%
Vol(5)418.86K
Vol(50)321.76K