BURLINGTON STORES INC (BURL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BURL - US1220171060 - Common Stock
Taking everything into account, BURL scores 8 out of 10 in our technical rating. 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 BURL has an excellent technical rating, it 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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243.79
We found 5 important support areas.
- A support zone ranging from 286.38 to 287.76. 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 266.08 to 270.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 259.24 to 260.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @254.52 from a horizontal line in the weekly time frame.
- A support zone ranging from 246.25 to 247.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 69.04 | 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) | UP | POSITIVE | The current price of BURL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BURL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.45 | NEUTRAL | The RSI value for BURL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.48 | POSITIVE | The MACD value suggests BURL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.94 | OVERBOUGHT | The high Stochastics value suggests BURL may be overbought. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for BURL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.23 | NEUTRAL | The ADX value for BURL suggests a possible start of a new trend. |
305.35
-2.25 (-0.73%)
BURLINGTON STORES INC / BURL FAQ
What is the technical rating for BURL stock?
ChartMill assigns a technical rating of 8 / 10 to BURL.
What is the trend direction for 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 65.4473. This indicates that the stock is currently neutral.
What is the buy/sell signal for BURLINGTON STORES INC (BURL) stock?
The buy/sell signal for BURLINGTON STORES INC (BURL) is buy as both the short term and long term trends are positive.
What is the support and resistance level for BURL stock?
BURLINGTON STORES INC (BURL) has a support level at 287.76. Check the full technical report for our detailed analysis of BURL support and resistance levels.