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Archive
- 4/19/2024 -
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Broadridge Financial Solutions (BR) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Broadridge Financial Solutions (BR). During the week, the BR dropped -5.45 points, or -2.74%, and closed at 193.38 on Friday, April 19, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was -21% below average.
 Long-term trend: [See BR long-term trend chart]
A long-term downtrend had started on April 9, 2024 at 207.55 and reached 192.31 on April 17, 2024. BR lost 15.24 points, or 7.34%, in 1 weeks. The price is now at the 7.02% retracement level.
 Medium-term trend: [See BR medium-term trend chart]
A medium-term uptrend had started on November 4, 2022 at 131.35 and reached 210.24 on January 30, 2024. BR gained -78.89 points, or -60.06%, in 64 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See BR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 9, 2024. Use the following link to access a MACD help.
Short-term trend: [See BR short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 207.55 and reached 192.31 on April 17, 2024. BR lost 15.24 points, or 7.34%, in 8 days. The price is now at the 7.02% retracement level.
 Daily Technical Indicators: [See BR daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily 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 daily MACD line is below its signal line since April 10, 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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