We assign a technical rating of 7 out of 10 to BRZU. In the last year, BRZU was one of the better performers, but we do observe some doubts in the very recent evolution.
BRZU has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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64.73
When analyzing the support we can see 3 important areas.
- A support zone ranging from 76.35 to 78.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 71.36 to 72.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @65.38 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 79.01 to 79.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @85.23 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for BRZU is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRZU is down. |
| ChartMill Relative Strength | 93.2 | POSITIVE | BRZU has a high relative strength, it outperformed 93.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BRZU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRZU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BRZU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.35 | NEUTRAL | The RSI value for BRZU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests BRZU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.39 | NEUTRAL | The Stochastics value for BRZU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for BRZU suggests some volalility. |
| Average Directional Index/ADX (14) | 16.71 | NEGATIVE | The low ADX value for BRZU suggests a weak or negative trend. |
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+0.69 (+0.88%)
DIREXION DAILY MSCI BRAZIL B / BRZU FAQ
What is the technical rating for BRZU stock?
ChartMill assigns a technical rating of 7 / 10 to BRZU.
What is the current trend direction of DIREXION DAILY MSCI BRAZIL B (BRZU) stock?
The current trend direction for DIREXION DAILY MSCI BRAZIL B (BRZU) is Bullish.
Can you provide the RSI signal for DIREXION DAILY MSCI BRAZIL B?
DIREXION DAILY MSCI BRAZIL B (BRZU) has an RSI value of 48.3454. This indicates that the stock is currently neutral.
What is the buy/sell signal for DIREXION DAILY MSCI BRAZIL B (BRZU) stock?
The buy/sell signal for DIREXION DAILY MSCI BRAZIL B (BRZU) is hold as the short term and long term trends are mixed.
What is the support and resistance level for BRZU stock?
DIREXION DAILY MSCI BRAZIL B (BRZU) has a support level at 78.37 and a resistance level at 79.01. Check the full technical report for our detailed analysis of BRZU support and resistance levels.