EGShares Brazil Infrastructure (BRXX) Stock Technical Analysis
NYSEARCA:BRXX - NYSE Arca -
We assign a technical rating of 1 out of 10 to BRXX. BRXX'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.
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, BRXX is a bad performer in the overall market: 93% of all stocks are doing better.
BRXX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BRXX has a been trading in the 6.03 - 6.74 range, which is quite wide. It is currently trading near the lows of this range.
Warning: BRXX has an average volume of 10954 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, BRXX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.16, a Stop Loss order could be placed below this zone.
More info and screens
5.60
6.76
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.14 to 6.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.66 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.21 to 6.38. 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 6.69 to 6.69. This zone is formed by a combination of multiple trend lines and important moving averages 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 BRXX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRXX is down. |
| ChartMill Relative Strength | 7.13 | NEGATIVE | BRXX has a low relative strength, it was outperformed by 92.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BRXX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BRXX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRXX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.48 | NEUTRAL | The RSI value for BRXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BRXX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.99 | OVERSOLD | The low Stochastics value suggests BRXX may be oversold. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for BRXX suggests some volalility. |
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)
EGShares Brazil Infrastructure
NYSEARCA:BRXX (10/30/2015, 8:17:39 PM)
6.2
+0.05 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.81%
1 Week-1.12%
2 Weeks-3.12%
1 Month2.48%
3 Month-20.82%
6 Month-38.8%
12 Month-55.3%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%2.45%
ATR Inc-38.83%
Range Today0.07
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.13
Mansfield-3.31
10 Day High6.36
10 Day Low6.03
20 Day High6.74
20 Day Low6.03
52 Week High13.87
52 Week Low5.44
CS1 End6.16
CR1 Start6.21
Volume & EV
DER(3)-2.25%
DER(5)-2.4%
Volume13.00K
Volume Incr49.2%
Vol(5)15.12K
Vol(50)10.95K