GREEN BRICK PARTNERS INC (GRBK) Stock Technical Analysis
NYSE:GRBK - New York Stock Exchange, Inc. - US3927091013 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to GRBK. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, GRBK is a bad performer.
GRBK has only a medium technical rating, but it does show 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 66.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.86, a Stop Loss order could be placed below this zone.
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52.98
When analyzing the support we can see 5 important areas.
- A support zone ranging from 61.56 to 61.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.81 to 58.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.67 from a trend line in the weekly time frame.
- A support zone ranging from 54.48 to 54.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.52 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 66.60 to 67.15. 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 | NEUTRAL | NEUTRAL | The short term trend for GRBK is neutral. |
| ChartMill Relative Strength | 38 | NEUTRAL | GRBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GRBK is below 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) | 50.08 | NEUTRAL | The RSI value for GRBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests GRBK has a negative trend. |
| Stochastics (14,3) | 40.1 | NEUTRAL | The Stochastics value for GRBK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for GRBK suggests some volalility. |
| Average Directional Index/ADX (14) | 28.02 | POSITIVE | The high ADX value value for GRBK suggests a strong trend. |
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 |
|---|---|---|---|
| 65.10 | 62.92 | 2.18 (3.35%) | 25.00% |
| An entry @65.10. This is a Buy Stop order right above the 10 day moving average. | An exit @62.92. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.18 points, which is 3.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- 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.
63.55
-1.31 (-2.02%)