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Advanced TA SearchArchive
- 5/10/2024 -
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Brown-Form (BF.B) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 5 consecutive negative weeks for the Brown-Form (BF.B). During the week, the BF.B gained 1.20 points, or 2.50%, and closed at 49.12 on Friday, May 10, 2024. It was the best weekly gain since March 1, 2024. Weekly volume was -9% below 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 46.86 on May 6, 2024. BF.B lost 31.29 points, or 40.04%, in 89 weeks. The price is now at the 7.22% retracement level.
 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 46.86 on May 6, 2024. BF.B lost 14.11 points, or 23.14%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (46.12) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See BF.B weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index 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. 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 May 6, 2024 at 46.86 and reached 49.18 on May 10, 2024. BF.B gained -2.32 points, or -4.95%, in 4 days. Price is near the trend high.
 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 April 18, 2024. This is an indication that the short-term trend is up.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above 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.
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