BURFORD CAPITAL LTD (BUR) Stock Technical Analysis
NYSE:BUR • GG00BMGYLN96
Overall BUR gets a technical rating of 2 out of 10. In the past year, BUR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, BUR is a bad performer in the overall market: 82% of all stocks are doing better.
- BUR is one of the lesser performing stocks in the Financial Services industry. 68% of 97 stocks in the same industry do better.
- 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.
- In the last month BUR has a been trading in the 8.74 - 9.95 range, which is quite wide. It is currently trading near the high of this range.
- BUR has an average volume of 1703550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
BUR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.57, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BUR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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8.49
4 important support areas can be observed.
- A support zone ranging from 9.36 to 9.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.95 to 8.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.75 from a horizontal line in the daily time frame.
- Support @8.58 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 9.76 to 9.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.46 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 | UP | POSITIVE | The short term trend for BUR is up. |
| ChartMill Relative Strength | 18.77 | NEGATIVE | BUR has a low relative strength, it was outperformed by 81.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BUR is above a declining 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) | 54.83 | NEUTRAL | The RSI value for BUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BUR has a positive trend. |
| Stochastics (14,3) | 81.54 | OVERBOUGHT | The high Stochastics value suggests BUR may be overbought. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for BUR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.64 | NEGATIVE | The low ADX value for BUR suggests a weak or negative trend. |
9.65
-0.1 (-1.03%)
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 54.8297. 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 positive.
What are the support and resistance levels for BURFORD CAPITAL LTD (BUR) stock?
BURFORD CAPITAL LTD (BUR) has a support level at 9.57 and a resistance level at 9.76. Check the full technical report for our detailed analysis of BUR support and resistance levels.