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Archive
- 12/13/2024 -
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Brown-Form (BF.B) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a fifth positive week after 3 consecutive negative weeks for the Brown-Form (BF.B). During the week, the BF.B gained 0.57 points, or 1.28%, and closed at 44.98 on Friday, December 13, 2024. Weekly volume was 42% above average.
 Long-term trend: [See BF.B long-term trend chart]
A long-term downtrend had started on August 17, 2022 at 78.15 and reached 39.95 on November 20, 2024. BF.B lost 38.20 points, or 48.88%, in 118 weeks. The price is now at the 13.17% retracement level.
Medium-term trend: [See BF.B medium-term trend chart]
A medium-term downtrend had started on October 18, 2024 at 49.89 and reached 39.95 on November 20, 2024. BF.B lost 9.94 points, or 19.92%, in 4 weeks. The price is now at the 50.60% retracement level.
 Weekly Technical Indicators: [See BF.B weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since November 8, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See BF.B short-term trend chart]
A short-term downtrend had started on December 11, 2024 at 45.83 and reached 44.40 on December 13, 2024. BF.B lost 1.43 points, or 3.12%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See BF.B daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since November 21, 2024. The distance between MACD and the signal line is relatively high, but getting smaller.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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