BRIGHTSPRING HEALTH SERVICES (BTSG) Stock Technical Analysis
USA - NASDAQ:BTSG - US10950A1060 - Common Stock
Overall BTSG gets a technical rating of 9 out of 10. 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.
BTSG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 33.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.99, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
20.94
We found 4 important support areas.
- A support zone ranging from 31.35 to 31.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.36 from a trend line in the daily time frame.
- Support @22.88 from a trend line in the weekly time frame.
- Support @21.15 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 33.54 to 34.06. 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 | NEUTRAL | NEUTRAL | The short term trend for BTSG is neutral. |
| ChartMill Relative Strength | 94.73 | POSITIVE | BTSG has a high relative strength, it outperformed 94.73% 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) | 55.71 | NEUTRAL | The RSI value for BTSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests BTSG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.01 | NEUTRAL | The Stochastics value for BTSG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for BTSG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.99 | NEUTRAL | The ADX value for BTSG suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 34.07 | 31.34 | 2.73 (8.01%) | 12.48% |
| An entry @34.07. This is a Buy Stop order right above the resistance zone. | An exit @31.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.73 points, which is 8.01%. | When investing 12.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
32.76
+0.5 (+1.55%)
BRIGHTSPRING HEALTH SERVICES / BTSG FAQ
Can you provide the ChartMill technical rating for BRIGHTSPRING HEALTH SERVICES?
ChartMill assigns a technical rating of 9 / 10 to BTSG.
What is the trend direction for BTSG stock?
The current trend direction for BRIGHTSPRING HEALTH SERVICES (BTSG) is Bullish.
What is the RSI signal for BRIGHTSPRING HEALTH SERVICES (BTSG) stock?
BRIGHTSPRING HEALTH SERVICES (BTSG) has an RSI value of 55.7109. 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 -0.297392, indicating a bearish trend.