BRAZE INC-A (BRZE) Stock Technical Analysis
NASDAQ:BRZE - Nasdaq - US10576N1028 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to BRZE. BRZE has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
BRZE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BRZE has an average volume of 1251410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, BRZE outperforms 56% of them, which is more or less in line with the market.
BRZE is an average performer in the Software industry, it outperforms 54% of 283 stocks in the same industry.
BRZE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BRZE is lagging the market slightly.
Although the technical rating is only medium, BRZE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 36.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.23, a Stop Loss order could be placed below this zone.
More info and screens
34.27
46.34
We found 2 important support areas.
- A support zone ranging from 35.18 to 36.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.62 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 36.90 to 36.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.17 from a trend line in the weekly time frame.
- Resistance @44.86 from a horizontal line in the weekly time frame.
- Resistance @45.88 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 | NEUTRAL | NEUTRAL | The long term trend for BRZE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRZE is up. |
| ChartMill Relative Strength | 56.66 | NEUTRAL | BRZE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRZE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BRZE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRZE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.16 | NEUTRAL | The RSI value for BRZE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BRZE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.57 | NEUTRAL | The Stochastics value for BRZE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for BRZE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.54 | NEUTRAL | The ADX value for BRZE suggests a possible start of a new 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)
36.24
-0.28 (-0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.77%
1 Week0.98%
2 Weeks2.2%
1 Month14.29%
3 Month7.41%
6 Month-12.59%
12 Month-1.12%
2 Year-17.24%
3 Year0.03%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.11
ATR(20)%3.35%
ATR Inc30.56%
Range Today1.48
ADR(20)1.09
ADR(20)%3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.66
Mansfield-0.74
10 Day High37.36
10 Day Low33.71
20 Day High37.38
20 Day Low30.88
52 Week High48.33
52 Week Low27.45
CS1 End36.23
CR1 Start36.9
Volume & EV
DER(3)1.45%
DER(5)0.57%
Volume1.34M
Volume Incr17.77%
Vol(5)1.04M
Vol(50)1.25M