DOO Technical Analysis - BRP INC/CA- SUB VOTING

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to DOO. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DOO is only an average performer.

The long and short term trends are both positive. This is looking good!

DOO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month DOO has a been trading in the 82.91 - 95.41 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, DOO did better than 73% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BRP INC/CA- SUB VOTING / DOO Weekly stock chart

BRP INC/CA- SUB VOTING / DOO Daily stock chart

Setup Rating and Analysis

Although DOO 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

82.65

96.07

We found 3 important support areas.

Support @94.25 from a horizontal line in the daily time frame.
A support zone ranging from 87.58 to 88.68. 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 83.48 to 84.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 95.12 to 95.12. 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 DOO.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DOO.CA is up.
ChartMill Relative Strength	73.57	POSITIVE	DOO.CA has a high relative strength, it outperformed 73.57% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DOO.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DOO.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DOO.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	63.49	NEUTRAL	The RSI value for DOO.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.22	POSITIVE	The MACD value suggests DOO.CA has a positive trend.
Stochastics (14,3)	75.94	NEUTRAL	The Stochastics value for DOO.CA is a neutral value.
Average True Range in percent/ATR (20)	2.86	MEDIUM VOLATILITY	The ATR as a percentage value for DOO.CA suggests some volalility.
Average Directional Index/ADX (14)	35.2	POSITIVE	The high ADX value value for DOO.CA suggests a strong trend.