BRIGHTSPRING HEALTH SERVICES (BTSG) Stock Technical Analysis
NASDAQ:BTSG - US10950A1060 - Common Stock
24.13 USD
+0.04 (+0.17%)
23.65 USD
-0.48 (-1.99%)
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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BTSG is one of the better performing stocks in the market, outperforming 89% of all 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 90% of 102 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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BTSG has an average volume of 2276590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, BTSG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.05, a Stop Loss order could be placed below this zone.
More info and screens
16.85
25.12
When analyzing the support we can see 4 important areas.
- A support zone ranging from 23.69 to 24.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.55 to 20.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.53 from a trend line in the weekly time frame.
- Support @17.02 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @24.24 from a horizontal line in the daily time frame.
- A resistance zone ranging from 24.87 to 24.87. 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 | UP | POSITIVE | The short term trend for BTSG is up. |
| ChartMill Relative Strength | 89.81 | POSITIVE | BTSG has a high relative strength, it outperformed 89.81% 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) | 64.99 | NEUTRAL | The RSI value for BTSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BTSG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.89 | NEUTRAL | The Stochastics value for BTSG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for BTSG suggests some volalility. |
| Average Directional Index/ADX (14) | 31.13 | 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)
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 |
|---|---|---|---|
| 24.25 | 23.68 | 0.57 (2.35%) | 25.00% |
| An entry @24.25. This is a Buy Stop order right above the resistance zone. | An exit @23.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.57 points, which is 2.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%. |
- 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.
24.13
+0.04 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.17%
1 Week1.69%
2 Weeks0.71%
1 Month17.94%
3 Month0.08%
6 Month38.04%
12 Month86.62%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%2.81%
ATR Inc-27.78%
Range Today0.51
ADR(20)0.67
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.81
Mansfield1.31
10 Day High24.9
10 Day Low22.86
20 Day High24.9
20 Day Low20.51
52 Week High25.57
52 Week Low12.94
CS1 End24.05
CR1 Start24.24
Volume & EV
DER(3)2.38%
DER(5)2.09%
Volume1.37M
Volume Incr-34.07%
Vol(5)1.55M
Vol(50)2.28M