BURFORD CAPITAL LTD (BUR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BUR - GG00BMGYLN96 - Common Stock
Taking everything into account, BUR scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BUR was also a bad performer in the overall market in the last year.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, BUR is a bad performer in the overall market: 85% of all stocks are doing better.
- BUR is part of the Financial Services industry. There are 97 other stocks in this industry, of which 72% are performing better than BUR.
- BUR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- BUR has an average volume of 2089500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month BUR has a been trading in the 8.71 - 9.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of BUR is bad and it also does not present a 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
8.49
2 important support areas can be observed.
- Support @8.91 from a trend line in the daily time frame.
- Support @8.58 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 9.69 to 9.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.71 from a trend line in the weekly time frame.
- A resistance zone ranging from 13.97 to 14.04. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @14.43 from a horizontal line in the daily time frame.
- Resistance @15.97 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 | DOWN | NEGATIVE | The long term trend for BUR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BUR is neutral. |
| ChartMill Relative Strength | 15.78 | NEGATIVE | BUR has a low relative strength, it was outperformed by 84.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BUR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BUR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BUR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59 | NEUTRAL | The RSI value for BUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BUR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.2 | OVERBOUGHT | The high Stochastics value suggests BUR may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for BUR suggests some volalility. |
| Average Directional Index/ADX (14) | 17.14 | NEGATIVE | The low ADX value for BUR suggests a weak or negative trend. |
9.69
-0.03 (-0.31%)
BURFORD CAPITAL LTD / BUR FAQ
Can you provide the ChartMill technical rating for BURFORD CAPITAL LTD?
ChartMill assigns a technical rating of 2 / 10 to BUR.
What is the current trend direction of BURFORD CAPITAL LTD (BUR) stock?
The current trend direction for BURFORD CAPITAL LTD (BUR) is Bearish.
What is the RSI signal for BURFORD CAPITAL LTD (BUR) stock?
BURFORD CAPITAL LTD (BUR) has an RSI value of 58.9995. This indicates that the stock is currently neutral.
What is the short term momentum for BURFORD CAPITAL LTD (BUR) stock?
The short term momentum for BURFORD CAPITAL LTD (BUR) is neutral.
What are the support and resistance levels for BURFORD CAPITAL LTD (BUR) stock?
BURFORD CAPITAL LTD (BUR) has a support level at 8.91 and a resistance level at 9.69. Check the full technical report for our detailed analysis of BUR support and resistance levels.