BURFORD CAPITAL LTD (BUR) Stock Technical Analysis
NYSE:BUR - New York Stock Exchange, Inc. - GG00BMGYLN96 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to BUR. BUR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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: 68% of all stocks are doing better.
BUR has an average volume of 1168570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BUR is an average performer in the Financial Services industry, it outperforms 40% of 99 stocks in the same industry.
BUR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BUR is lagging the market slightly.
In the last month BUR has a been trading in the 12.52 - 14.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BUR has a poor technical rating and the quality of the setup is also not perfect 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
11.79
16.07
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.81 to 12.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.91 to 11.95. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 13.38 to 13.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.93 to 14.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.44 from a horizontal line in the daily time frame.
- Resistance @15.91 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 | 32.89 | NEUTRAL | BUR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BUR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BUR is below a declining 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) | 50.22 | NEUTRAL | The RSI value for BUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BUR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.1 | NEUTRAL | The Stochastics value for BUR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for BUR suggests some volalility. |
| Average Directional Index/ADX (14) | 16.08 | NEGATIVE | The low ADX value for BUR suggests a weak or negative 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)
13.33
+0.18 (+1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg1.37%
1 Week3.65%
2 Weeks1.29%
1 Month-4.38%
3 Month-1.04%
6 Month0.23%
12 Month-6.78%
2 Year9.44%
3 Year32.11%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%2.86%
ATR Inc8.39%
Range Today0.21
ADR(20)0.33
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.89
Mansfield-0.59
10 Day High13.5
10 Day Low12.52
20 Day High14.49
20 Day Low12.52
52 Week High15.73
52 Week Low11.17
CS1 End12.98
CR1 Start13.38
Volume & EV
DER(3)-0.66%
DER(5)2.23%
Volume1.06M
Volume Incr-11.43%
Vol(5)1.11M
Vol(50)1.17M