BRIGHTSPRING HEALTH SERVICES (BTSG) Technical Analysis
NASDAQ:BTSG • US10950A1060
Current stock price
BTSG Technical Rating and Analysis
Overall BTSG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, BTSG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BTSG did better than 95% of all other stocks. We also observe that the gains produced by BTSG over the past year are nicely spread over this period.
- BTSG is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry. BTSG outperforms 95% of them.
- BTSG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BTSG has a been trading in the 40.41 - 48.49 range, which is quite wide. It is currently trading near the high of this range.
- BTSG has an average volume of 2687880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
BTSG Weekly and Daily overview Charts
BTSG Setup Rating and Analysis
BTSG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 47.19, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
BTSG Support and Resistance Analysis
23.74
4 important support areas can be observed.
- A support zone ranging from 46.48 to 47.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.53 to 41.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.45 from a horizontal line in the daily time frame.
- Support @23.98 from a trend line in the weekly time frame.
BTSG Technical Indicator Signal Analysis
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 BTSG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTSG is up. |
| ChartMill Relative Strength | 95.83 | POSITIVE | BTSG has a high relative strength, it outperformed 95.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTSG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTSG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTSG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.61 | NEUTRAL | The RSI value for BTSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BTSG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.41 | NEUTRAL | The Stochastics value for BTSG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for BTSG suggests some volalility. |
| Average Directional Index/ADX (14) | 15.23 | NEGATIVE | The low ADX value for BTSG suggests a weak or negative trend. |
BTSG Chart- and CandleStick Pattern Analysis
BTSG Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 48.50 | 46.47 | 2.03 (4.19%) | 23.89% |
| An entry @48.50. This is a Buy Stop order right above the 10 day high. | An exit @46.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.03 points, which is 4.19%. | For a 1.00% total portfolio risk, you can invest 23.89% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BTSG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BTSG Technicals: Chart, Performance Metrics, Trend & Indicators
47.2
+0.03 (+0.06%)
BRIGHTSPRING HEALTH SERVICES / BTSG TA FAQ
Can you provide the ChartMill technical rating for BRIGHTSPRING HEALTH SERVICES?
ChartMill assigns a technical rating of 10 / 10 to BTSG.
Can you provide the trend direction for BRIGHTSPRING HEALTH SERVICES?
The current trend direction for BRIGHTSPRING HEALTH SERVICES (BTSG) is Bullish.
Can you provide the RSI signal for BRIGHTSPRING HEALTH SERVICES?
BRIGHTSPRING HEALTH SERVICES (BTSG) has an RSI value of 61.6148. This indicates that the stock is currently neutral.
What is the MACD signal for BRIGHTSPRING HEALTH SERVICES (BTSG) stock?
The MACD indicator for BRIGHTSPRING HEALTH SERVICES (BTSG) has a value of 0.0929426, indicating a bearish trend.
What is the buy/sell signal for BRIGHTSPRING HEALTH SERVICES (BTSG) stock?
The buy/sell signal for BRIGHTSPRING HEALTH SERVICES (BTSG) is buy as both the short term and long term trends are positive.