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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Brown-Form (BF.B) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 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 -0.70 points, or -1.29%, and closed at 53.72 on Friday, March 15, 2024. Weekly volume was 13% 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 52.59 on October 12, 2023. BF.B lost 25.56 points, or 32.71%, in 60 weeks. Price is near the trend low. Medium-term trend: [See BF.B medium-term trend chart] A medium-term downtrend had started on August 2, 2023 at 71.27 and reached 52.59 on October 12, 2023. BF.B lost 18.68 points, or 26.21%, in 10 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 54.46 and resistance is at 52.50. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend. Weekly Technical Indicators: [See BF.B weekly technical indicators chart] Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help. The weekly MACD line is above its signal line since January 26, 2024. The distance between MACD and the signal line is low and getting smaller. 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 March 5, 2024 at 60.97 and reached 52.76 on March 15, 2024. BF.B lost 8.21 points, or 13.47%, in 10 days. The price is now at the 11.69% retracement level. Daily Technical Indicators: [See BF.B daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help. The daily MACD line is below its signal line since March 6, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong. Candlestick pattern: [See BF.B candlestick chart pattern] On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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