BRAINSWAY LTD-ADR (BWAY) Stock Technical Analysis
NASDAQ:BWAY - Nasdaq - US10501L1061 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to BWAY. BWAY has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, BWAY did better than 95% of all other stocks. On top of that, BWAY also shows a nice and consistent pattern of rising prices.
BWAY is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 95% of 188 stocks in the same industry.
BWAY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BWAY is performing more or less in line with the market.
In the last month BWAY has a been trading in the 8.59 - 10.91 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BWAY has an excellent technical rating, it does not present a decent entry opportunity 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
7.89
10.73
We found 2 important support areas.
- Support @8.58 from a trend line in the weekly time frame.
- A support zone ranging from 7.97 to 8.07. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for BWAY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BWAY is up. |
| ChartMill Relative Strength | 95.53 | POSITIVE | BWAY has a high relative strength, it outperformed 95.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BWAY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BWAY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BWAY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.99 | NEUTRAL | The RSI value for BWAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests BWAY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.08 | OVERBOUGHT | The high Stochastics value suggests BWAY may be overbought. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for BWAY suggests some volalility. |
| Average Directional Index/ADX (14) | 28.06 | POSITIVE | The high ADX value value for BWAY suggests a strong 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)
10.62
-0.11 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.03%
1 Week8.27%
2 Weeks23.19%
1 Month16.5%
3 Month-0.19%
6 Month7.3%
12 Month98.7%
2 Year511.4%
3 Year50.07%
5 Year37.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%4.58%
ATR Inc2.28%
Range Today0.74
ADR(20)0.45
ADR(20)%4.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.53
Mansfield2.02
10 Day High10.91
10 Day Low8.61
20 Day High10.91
20 Day Low8.59
52 Week High11.79
52 Week Low5.25
CS1 End8.58
CR1 StartN/A
Volume & EV
DER(3)-4.98%
DER(5)-1.42%
Volume27.05K
Volume Incr52.6%
Vol(5)48.06K
Vol(50)33.24K