GREEN BRICK PARTNERS INC (GRBK) Stock Technical Analysis
NYSE:GRBK - US3927091013 - Common Stock
69.84 USD
-0.03 (-0.04%)
69.84 USD
0 (0%)
We assign a technical rating of 8 out of 10 to GRBK. Although GRBK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
GRBK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
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 48% of all stocks.
GRBK is part of the Household Durables industry. There are 61 other stocks in this industry, GRBK did better than 58% 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.
Besides having an excellent technical rating, GRBK also presents a decent setup pattern. 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 a resistance zone just above the current price starting at 70.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.26, a Stop Loss order could be placed below this zone.
More info and screens
52.98
71.75
When analyzing the support we can see 7 important areas.
- A support zone ranging from 68.02 to 69.26. 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 64.98 to 65.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.94 to 63.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @60.02 from a trend line in the weekly time frame.
- Support @55.94 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.
We found 1 important resistance area.
- A resistance zone ranging from 70.70 to 71.04. 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 GRBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRBK is up. |
| ChartMill Relative Strength | 48.22 | NEUTRAL | GRBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRBK is above the rising 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) | 58.18 | NEUTRAL | The RSI value for GRBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GRBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.92 | NEUTRAL | The Stochastics value for GRBK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for GRBK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.1 | NEUTRAL | The ADX value for GRBK suggests a possible start of a new 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 |
|---|---|---|---|
| 71.05 | 68.01 | 3.04 (4.28%) | 23.37% |
| An entry @71.05. This is a Buy Stop order right above the resistance zone. | An exit @68.01. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.04 points, which is 4.28%. | When investing 23.37% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GRBK. 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.
69.84
-0.03 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-0.04%
1 Week-1.69%
2 Weeks0.88%
1 Month9.57%
3 Month19.49%
6 Month16.93%
12 Month-11.35%
2 Year41.21%
3 Year186.7%
5 Year390.45%
10 Year474.82%
15 YearN/A
Volatility
ATR(14)2.06
ATR(20)%2.8%
ATR Inc-43.42%
Range Today1.04
ADR(20)1.86
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.22
Mansfield-0.15
10 Day High71.75
10 Day Low65.93
20 Day High71.75
20 Day Low63.46
52 Week High84.66
52 Week Low50.57
CS1 End69.26
CR1 Start70.7
Volume & EV
DER(3)1.91%
DER(5)1.71%
Volume161.50K
Volume Incr-44.47%
Vol(5)160.14K
Vol(50)254.72K