GREEN BRICK PARTNERS INC (GRBK) Technical Analysis
NYSE:GRBK • US3927091013
We assign a technical rating of 2 out of 10 to GRBK. GRBK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month GRBK has a been trading in the 63.68 - 80.97 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- GRBK is part of the Household Durables industry. There are 60 other stocks in this industry. GRBK outperforms 76% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, GRBK turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- GRBK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GRBK is lagging the market slightly.
The technical rating of GRBK is bad and it also does not present a 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.
More info and screens
53.94
We found 4 important support areas.
- A support zone ranging from 62.71 to 63.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 61.59 to 61.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @57.94 from a trend line in the weekly time frame.
- Support @54.48 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.07 to 64.12. 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 | NEUTRAL | NEUTRAL | The long term trend for GRBK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GRBK is down. |
| ChartMill Relative Strength | 52.24 | NEUTRAL | GRBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GRBK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GRBK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GRBK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.38 | OVERSOLD | The low RSI value suggests GRBK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.46 | NEGATIVE | The MACD value suggests GRBK has a negative trend. |
| Stochastics (14,3) | 8.72 | OVERSOLD | The low Stochastics value suggests GRBK may be oversold. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for GRBK suggests some volalility. |
| Average Directional Index/ADX (14) | 34.74 | POSITIVE | The high ADX value value for GRBK suggests a strong trend. |
GRBK Technicals: Chart, Performance Metrics, Trend & Indicators
64.06
-1.53 (-2.33%)
GREEN BRICK PARTNERS INC / GRBK FAQ
What is the ChartMill technical rating of GREEN BRICK PARTNERS INC (GRBK) stock?
ChartMill assigns a technical rating of 2 / 10 to GRBK.
Can you provide the trend direction for GREEN BRICK PARTNERS INC?
The current trend direction for GREEN BRICK PARTNERS INC (GRBK) is Bearish.
Can you provide the RSI signal for GREEN BRICK PARTNERS INC?
GREEN BRICK PARTNERS INC (GRBK) has an RSI value of 28.3753. This indicates that the stock is currently oversold.
What is the MACD signal for GREEN BRICK PARTNERS INC (GRBK) stock?
The MACD indicator for GREEN BRICK PARTNERS INC (GRBK) has a value of -1.45801, indicating a bearish trend.
What are the support and resistance levels for GREEN BRICK PARTNERS INC (GRBK) stock?
GREEN BRICK PARTNERS INC (GRBK) has a support level at 63.14 and a resistance level at 64.07. Check the full technical report for our detailed analysis of GRBK support and resistance levels.