BRAINSWAY LTD-ADR (BWAY) Stock Technical Analysis
NASDAQ:BWAY - Nasdaq - US10501L1061 - ADR - Currency: USD
Taking everything into account, BWAY scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
BWAY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that BWAY is one of the better performing stocks in the market, outperforming 92% of all stocks.
BWAY is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 91% of 187 stocks in the same industry.
BWAY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BWAY is lagging the market slightly.
Besides having an excellent technical rating, BWAY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.72, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.24
13.51
We found 3 important support areas.
- A support zone ranging from 11.66 to 11.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 11.39 to 11.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.33 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.78 to 11.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 13.25 to 13.38. 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 BWAY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BWAY is neutral. |
| ChartMill Relative Strength | 92.2 | POSITIVE | BWAY has a high relative strength, it outperformed 92.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BWAY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BWAY is below 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) | 47.33 | NEUTRAL | The RSI value for BWAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BWAY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.63 | NEUTRAL | The Stochastics value for BWAY is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for BWAY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.4 | NEGATIVE | The low ADX value for BWAY 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)
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 |
|---|---|---|---|
| 11.89 | 11.65 | 0.24 (2.02%) | 25.00% |
| An entry @11.89. This is a Buy Stop order right above the resistance zone. | An exit @11.65. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.24 points, which is 2.02%. | For a 0.50% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BWAY. Please evaluate whether better entry and exit points can be found.
- 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.
11.76
-0.07 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.59%
1 Week2.53%
2 Weeks0.26%
1 Month-4.47%
3 Month35.02%
6 Month14.62%
12 Month68.24%
2 Year240.87%
3 Year177.03%
5 Year49.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%4%
ATR Inc-34.26%
Range Today0.26
ADR(20)0.47
ADR(20)%3.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.2
Mansfield0.93
10 Day High12.1
10 Day Low11.35
20 Day High12.98
20 Day Low11.35
52 Week High13.66
52 Week Low6.65
CS1 End11.72
CR1 Start11.78
Volume & EV
DER(3)-7.09%
DER(5)1.64%
Volume40.10K
Volume Incr-7.18%
Vol(5)44.06K
Vol(50)47.41K