GRBK Technical Analysis - GREEN BRICK PARTNERS INC

Technical Rating and Analysis

Overall GRBK gets a technical rating of 2 out of 10. In the last year, GRBK was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, GRBK is a bad performer in the overall market: 73% of all stocks are doing better.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

GRBK is part of the Household Durables industry. There are 61 other stocks in this industry, GRBK did better than 68% 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.

In the last month GRBK has a been trading in the 62.00 - 77.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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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

GRBK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 63.35, 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

78.14

We found 3 important support areas.

A support zone ranging from 62.74 to 63.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @56.29 from a trend line in the weekly time frame.
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 77.00 to 77.37. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	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	27.47	NEGATIVE	GRBK has a low relative strength, it was outperformed by 72.53% 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	MIXED	The current price of GRBK is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GRBK is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.66	NEUTRAL	The RSI value for GRBK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests GRBK has a negative trend, although the MACD value is rising.
Stochastics (14,3)	37.64	NEUTRAL	The Stochastics value for GRBK is a neutral value.
Average True Range in percent/ATR (20)	3.39	MEDIUM VOLATILITY	The ATR as a percentage value for GRBK suggests some volalility.
Average Directional Index/ADX (14)	19.94	NEGATIVE	The low ADX value for GRBK suggests a weak or negative trend.