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Advanced TA SearchArchive
- 5/3/2024 -
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Broadridge Financial Solutions (BR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the Broadridge Financial Solutions (BR). During the week, the BR gained 4.70 points, or 2.42%, and closed at 198.85 on Friday, May 3, 2024. It was the best weekly gain since January 12, 2024. Weekly volume was -29% below average.
 Long-term trend: [See BR long-term trend chart]
A long-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. The price is now at the 14.44% retracement level.
 Medium-term trend: [See BR medium-term trend chart]
A medium-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 chart has formed a Descending Triangle chart pattern. The downtrend resistance line (192.64) 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 BR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 9, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
Short-term trend: [See BR short-term trend chart]
A short-term uptrend had started on May 2, 2024 at 192.61 and reached 199.08 on May 3, 2024. BR gained -6.47 points, or -3.36%, in 1 days. Price is near the trend high.
Daily Technical Indicators: [See BR daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
Price is close to the 50 Day Moving Average. 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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