BRIGHTSPRING HEALTH SERVICES (BTSG) Stock Technical Analysis
USA - NASDAQ:BTSG - US10950A1060 - Common Stock
30.47 USD
+0.74 (+2.49%)
30.2 USD
-0.27 (-0.89%)
Taking everything into account, BTSG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BTSG is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, BTSG did better than 94% of all other stocks. On top of that, BTSG also shows a nice and consistent pattern of rising prices.
BTSG is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 92% of 101 stocks in the same industry.
BTSG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BTSG is lagging the market slightly.
BTSG has an average volume of 3503790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BTSG has a been trading in the 26.28 - 31.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, BTSG 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. 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
16.85
30.77
4 important support areas can be observed.
- A support zone ranging from 28.36 to 28.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.07 to 22.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.56 from a trend line in the weekly time frame.
- Support @17.02 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 BTSG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTSG is up. |
| ChartMill Relative Strength | 94.4 | POSITIVE | BTSG has a high relative strength, it outperformed 94.4% 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) | 63.9 | NEUTRAL | The RSI value for BTSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BTSG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.3 | 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) | 24.69 | NEUTRAL | The ADX value for BTSG 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)
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 |
|---|---|---|---|
| 31.96 | 28.35 | 3.61 (11.30%) | 8.85% |
| An entry @31.96. This is a Buy Stop order right above the 10 day high. | An exit @28.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.61 points, which is 11.30%. | When investing 8.85% 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.
30.47
+0.74 (+2.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2.49%
1 Week3.36%
2 Weeks5.54%
1 Month10.4%
3 Month48.42%
6 Month80.08%
12 Month96.58%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.49
ATR(20)%4.53%
ATR Inc-30.55%
Range Today0.99
ADR(20)1.34
ADR(20)%4.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.4
Mansfield2.9
10 Day High31.95
10 Day Low27.11
20 Day High31.95
20 Day Low26.28
52 Week High31.95
52 Week Low14.73
CS1 End28.36
CR1 StartN/A
Volume & EV
DER(3)-2.11%
DER(5)-2.61%
Volume2.99M
Volume Incr84.18%
Vol(5)7.04M
Vol(50)3.50M