Exploring NYSE:BRBR's high growth characteristics.

Our stock screener has identified BELLRING BRANDS INC (NYSE:BRBR) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NYSE:BRBR.

Technical analysis of NYSE:BRBR

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Overall BRBR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BRBR is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that BRBR is one of the better performing stocks in the market, outperforming 88% of all stocks.
• BRBR is one of the better performing stocks in the Personal Care Products industry, it outperforms 85% of 36 stocks in the same industry.
• BRBR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• BRBR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Our latest full technical report of BRBR contains the most current technical analsysis.

Looking at the Setup

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:BRBR this score is currently 8:

Besides having an excellent technical rating, BRBR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 77.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 76.66, a Stop Loss order could be placed below this zone.

Some of the high growth metrics of NYSE:BRBR highlighted

• The recent financial report of BELLRING BRANDS INC demonstrates a 24.39% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• BELLRING BRANDS INC has experienced 27.55% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
• The recent financial report of BELLRING BRANDS INC demonstrates a 24.39% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• With positive growth in its operating margin over the past year, BELLRING BRANDS INC showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• BELLRING BRANDS INC has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• The Relative Strength (RS) of BELLRING BRANDS INC has consistently been strong, with a current 88.12 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. BELLRING BRANDS INC demonstrates promising potential for sustained price momentum.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.