|
|
S&P 500 Oversold StocksArchive - 7/19/2024 - Sign In to see current Signals. |
Brown-Form (BF.B) Technical Analysis
|
![Subscribe to TheGreedyTrader Weekly Alerts](images/alert4.gif) |
| Summary:
| | Weekly :![Broken trend support line](images\bearish.gif) ![Oversold sector](images\bullish.gif) ![Williams' Percentage Range and Lane's Stochastic are oversold](images\bullish.gif) | | Daily :![The price has declined below the moving average in the center of the Bollinger Bands](images\alert_signals.gif) Move cursor over the icon to see details.
| | It was the negative week for the Brown-Form (BF.B). During the week, the BF.B dropped -0.69 points, or -1.56%, and closed at 43.48 on Friday, July 19, 2024. Weekly volume was 10% above average. BF.B is a member of Consumer Staples Sector. Consumer Staples is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
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 41.42 on July 9, 2024. BF.B lost 36.73 points, or 47.00%, in 98 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (56.61) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
Medium-term trend: [See BF.B medium-term trend chart] A medium-term downtrend had started on March 5, 2024 at 60.97 and reached 41.42 on July 9, 2024. BF.B lost 19.55 points, or 32.06%, in 18 weeks. The price is now at the 10.54% retracement level.
Weekly Technical Indicators: [See BF.B weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is below its signal line since March 15, 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 uptrend had started on July 9, 2024 at 41.42 and reached 44.99 on July 18, 2024. BF.B gained -3.57 points, or -8.62%, in 9 days. The price is now at the 42.30% retracement level.
Daily Technical Indicators: [See BF.B daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since July 9, 2024. This is an indication that the short-term trend is up. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|
|
|
Daily Oscillators |
|
Weekly Oscillators |
|
Trading
Signals |
|
|
Sector and
Industry |
Description |
Name |
Rank |
Sector |
Consumer Staples |
1 |
Industry |
Distillers & Vintners |
12 |
|
Daily Trend |
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
High |
44.99 |
High Date |
07/18/2024 |
Low |
42.81 |
Low Date |
07/19/2024 |
|
Weekly Trend |
|
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
|
Resistance |
|
Support |
|
Low |
41.42 |
Low Date |
07/09/2024 |
High |
44.99 |
High Date |
07/18/2024 |
|
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
|
Resistance |
|
Support |
|
High |
60.97 |
High Date |
03/05/2024 |
Low |
41.42 |
Low Date |
07/09/2024 |
|
Quarterly Trend |
|
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
|
Resistance |
|
Support |
|
High |
71.27 |
High Date |
08/02/2023 |
Low |
41.42 |
Low Date |
07/09/2024 |
|
Description |
Value |
Direction |
Down |
Chart Pattern |
Falling Wedge |
Status |
Broken Support |
Resistance |
58.57 |
Support |
56.61 |
High |
78.15 |
High Date |
08/17/2022 |
Low |
41.42 |
Low Date |
07/09/2024 |
|
|