DOOO Technical Analysis - BRP INC/CA- SUB VOTING

Technical Rating and Analysis

Taking everything into account, DOOO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DOOO is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

DOOO is part of the Leisure Products industry. There are 33 other stocks in this industry. DOOO outperforms 93% of them.

DOOO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month DOOO has a been trading in the 59.59 - 68.13 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, DOOO did better than 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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 / DOOO Weekly stock chart

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

Setup Rating and Analysis

Although DOOO 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

58.92

68.70

We found 2 important support areas.

Support @62.03 from a trend line in the daily time frame.
A support zone ranging from 59.52 to 60.71. 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 68.02 to 68.02. 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 DOOO is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DOOO is up.
ChartMill Relative Strength	82.82	POSITIVE	DOOO has a high relative strength, it outperformed 82.82% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DOOO is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DOOO is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DOOO is above the rising SMA(200).
Relative Strength Index/RSI (14)	63.04	NEUTRAL	The RSI value for DOOO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.29	POSITIVE	The MACD value suggests DOOO has a positive trend.
Stochastics (14,3)	88.06	OVERBOUGHT	The high Stochastics value suggests DOOO may be overbought.
Average True Range in percent/ATR (20)	2.5	MEDIUM VOLATILITY	The ATR as a percentage value for DOOO suggests some volalility.
Average Directional Index/ADX (14)	32.37	POSITIVE	The high ADX value value for DOOO suggests a strong trend.