BUR Technical Analysis - BURELLE SA

Technical Rating and Analysis

Taking everything into account, BUR scores 5 out of 10 in our technical rating. In the last year, BUR was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

Warning: BUR has an average volume of 119 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

BUR 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 BUR is lagging the market slightly.

In the last month BUR has a been trading in the 372.00 - 396.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

When compared to the yearly performance of all other stocks, BUR outperforms 57% of them, which is more or less in line with the market.

BUR is part of the Automobile Components industry. There are 31 other stocks in this industry, BUR did better than 66% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

BUR has an average technical rating and also the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

308.88

408.05

4 important support areas can be observed.

A support zone ranging from 373.99 to 381.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @367.00 from a horizontal line in the daily time frame.
Support @357.00 from a horizontal line in the daily time frame.
Support @312.00 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 399.77 to 404.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 BUR.PA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BUR.PA is neutral.
ChartMill Relative Strength	57.05	NEUTRAL	BUR.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of BUR.PA is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BUR.PA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BUR.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	50.49	NEUTRAL	The RSI value for BUR.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.15	POSITIVE	The MACD value suggests BUR.PA has a positive trend.
Stochastics (14,3)	37.04	NEUTRAL	The Stochastics value for BUR.PA is a neutral value.
Average True Range in percent/ATR (20)	1.55	LOW VOLATILITY	The low ATR as a percentage value for BUR.PA suggests low volalility.
Average Directional Index/ADX (14)	17.64	NEGATIVE	The low ADX value for BUR.PA suggests a weak or negative trend.