GRBK Technical Analysis - GREEN BRICK PARTNERS INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to GRBK. In the last year, GRBK was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

75% of all other stocks performed better in the past year than GRBK.

In the last month GRBK has a been trading in the 68.29 - 75.50 range, which is quite wide. It is currently trading near the lows of this range.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

GRBK is part of the Household Durables industry. There are 63 other stocks in this industry, GRBK did better than 51% of them.

GRBK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRBK is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GREEN BRICK PARTNERS INC / GRBK Weekly stock chart

GREEN BRICK PARTNERS INC / GRBK Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, GRBK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 66.83, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

52.98

76.00

5 important support areas can be observed.

Support @66.83 from a trend line in the daily time frame.
A support zone ranging from 61.94 to 62.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @56.11 from a trend line in the weekly time frame.
Support @54.49 from a horizontal line in the daily time frame.
Support @53.52 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

Resistance @73.62 from a horizontal line in the weekly time frame.
Resistance @75.25 from a horizontal line in the daily time frame.

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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 GRBK is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for GRBK is neutral.
ChartMill Relative Strength	25.49	NEGATIVE	GRBK has a low relative strength, it was outperformed by 74.51% off all stocks 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	POSITIVE	The current price of GRBK is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of GRBK is above a declining SMA(200).
Relative Strength Index/RSI (14)	47.05	NEUTRAL	The RSI value for GRBK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.56	NEGATIVE	The MACD value suggests GRBK has a negative trend.
Stochastics (14,3)	23.58	NEUTRAL	The Stochastics value for GRBK is a neutral value.
Average True Range in percent/ATR (20)	2.78	MEDIUM VOLATILITY	The ATR as a percentage value for GRBK suggests some volalility.
Average Directional Index/ADX (14)	24.87	NEUTRAL	The ADX value for GRBK suggests a possible start of a new trend.