BURL Technical Analysis - BURLINGTON STORES INC

Technical Rating and Analysis

Taking everything into account, BURL scores 4 out of 10 in our technical rating. BURL has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month BURL has a been trading in the 261.40 - 309.00 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When comparing the performance of all stocks over the past year, BURL turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.

BURL is part of the Specialty Retail industry. There are 121 other stocks in this industry, BURL did better than 51% of them.

BURL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BURL is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BURLINGTON STORES INC / BURL Weekly stock chart

BURLINGTON STORES INC / BURL Daily stock chart

Setup Rating and Analysis

BURL has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

217.16

298.44

4 important support areas can be observed.

A support zone ranging from 262.89 to 264.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 233.12 to 235.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @223.17 from a horizontal line in the weekly time frame.
Support @219.35 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 292.01 to 295.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 BURL is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BURL is down.
ChartMill Relative Strength	54.54	NEUTRAL	BURL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BURL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BURL is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of BURL is above a declining SMA(200).
Relative Strength Index/RSI (14)	39.31	NEUTRAL	The RSI value for BURL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-3.46	NEGATIVE	The MACD value suggests BURL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	6.14	OVERSOLD	The low Stochastics value suggests BURL may be oversold.
Average True Range in percent/ATR (20)	3.2	MEDIUM VOLATILITY	The ATR as a percentage value for BURL suggests some volalility.
Average Directional Index/ADX (14)	24.11	NEUTRAL	The ADX value for BURL suggests a possible start of a new trend.