BURLINGTON STORES INC (BURL) Stock Technical Analysis
USA - NYSE:BURL - US1220171060 - Common Stock
Overall BURL gets a technical rating of 6 out of 10. Although BURL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, BURL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 292.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 278.95, a Stop Loss order could be placed below this zone.
More info and screens
239.06
3 important support areas can be observed.
- A support zone ranging from 263.63 to 278.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 252.62 to 254.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @241.47 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 292.00 to 292.01. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for BURL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BURL is up. |
| ChartMill Relative Strength | 52.77 | NEUTRAL | BURL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BURL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BURL is above a declining 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) | 54.59 | NEUTRAL | The RSI value for BURL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.85 | POSITIVE | The MACD value suggests BURL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.28 | NEUTRAL | The Stochastics value for BURL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for BURL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.83 | NEGATIVE | The low ADX value for BURL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 292.02 | 263.62 | 28.40 (9.73%) | 10.28% |
| An entry @292.02. This is a Buy Stop order right above the resistance zone. | An exit @263.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 28.40 points, which is 9.73%. | For a 1.00% total portfolio risk, you can invest 10.28% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
279.81
-3.26 (-1.15%)
BURLINGTON STORES INC / BURL FAQ
What is the technical rating for BURL stock?
ChartMill assigns a technical rating of 6 / 10 to BURL.
What is the current trend direction of BURLINGTON STORES INC (BURL) stock?
The current trend direction for BURLINGTON STORES INC (BURL) is Bullish.
What is the RSI signal for BURL stock?
BURLINGTON STORES INC (BURL) has an RSI value of 54.5896. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BURLINGTON STORES INC?
The MACD indicator for BURLINGTON STORES INC (BURL) has a value of 0.847261, indicating a bearish trend.
What are the support and resistance levels for BURLINGTON STORES INC (BURL) stock?
BURLINGTON STORES INC (BURL) has a support level at 278.95 and a resistance level at 292. Check the full technical report for our detailed analysis of BURL support and resistance levels.