BRIGHTSPRING HEALTH SERVICES (BTSG) Stock Technical Analysis
NASDAQ:BTSG - Nasdaq - US10950A1060 - Common Stock - Currency: USD
Taking everything into account, BTSG scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month BTSG has a been trading in the 20.52 - 25.57 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
When comparing the yearly performance of all stocks, we notice that BTSG is one of the better performing stocks in the market, outperforming 95% of all 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 102 other stocks in this industry. BTSG outperforms 94% of them.
BTSG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BTSG is performing more or less in line with the market.
BTSG has an average volume of 2329710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although BTSG has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
15.68
24.48
4 important support areas can be observed.
- A support zone ranging from 21.17 to 21.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.77 from a trend line in the weekly time frame.
- Support @16.37 from a trend line in the daily time frame.
- A support zone ranging from 15.84 to 16.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.11 to 24.24. 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 | UP | POSITIVE | The long term trend for BTSG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTSG is down. |
| ChartMill Relative Strength | 95.65 | POSITIVE | BTSG has a high relative strength, it outperformed 95.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTSG is below a declining 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) | 39.45 | NEUTRAL | The RSI value for BTSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests BTSG has a negative trend. |
| Stochastics (14,3) | 20.53 | NEUTRAL | The Stochastics value for BTSG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for BTSG suggests some volalility. |
| Average Directional Index/ADX (14) | 28.92 | POSITIVE | The high ADX value value for BTSG 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)
21.18
-0.42 (-1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.94%
1 Week-12.15%
2 Weeks-11.05%
1 Month-11.82%
3 Month21.58%
6 Month14.12%
12 Month102.29%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%4.53%
ATR Inc-39.98%
Range Today0.6
ADR(20)0.95
ADR(20)%4.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.65
Mansfield1.88
10 Day High25.57
10 Day Low20.52
20 Day High25.57
20 Day Low20.52
52 Week High25.57
52 Week Low10.15
CS1 End21.17
CR1 Start24.11
Volume & EV
DER(3)-0.88%
DER(5)-2.97%
Volume5.20M
Volume Incr152.44%
Vol(5)5.12M
Vol(50)2.33M