DUTCH BROS INC-CLASS A (BROS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BROS - US26701L1008 - Common Stock
Taking everything into account, BROS scores 7 out of 10 in our technical rating. In the last year, BROS was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
BROS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 62.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.28, a Stop Loss order could be placed below this zone.
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We found 3 important support areas.
- A support zone ranging from 57.83 to 58.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.42 from a horizontal line in the weekly time frame.
- A support zone ranging from 51.71 to 52.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 62.01 to 62.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @66.04 from a trend line in the weekly time frame.
- Resistance @69.81 from a trend line in the weekly time frame.
- Resistance @73.72 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BROS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BROS is up. |
| ChartMill Relative Strength | 72.86 | POSITIVE | BROS has a high relative strength, it outperformed 72.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BROS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BROS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BROS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.6 | NEUTRAL | The RSI value for BROS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests BROS has a positive trend. |
| Stochastics (14,3) | 83.81 | OVERBOUGHT | The high Stochastics value suggests BROS may be overbought. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for BROS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.14 | NEUTRAL | The ADX value for BROS suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 62.02 | 57.82 | 4.20 (6.77%) | 14.77% |
| An entry @62.02. This is a Buy Stop order right above the resistance zone. | An exit @57.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.20 points, which is 6.77%. | For a 1.00% total portfolio risk, you can invest 14.77% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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+1.41 (+2.33%)
DUTCH BROS INC-CLASS A / BROS FAQ
What is the ChartMill technical rating of DUTCH BROS INC-CLASS A (BROS) stock?
ChartMill assigns a technical rating of 7 / 10 to BROS.
What is the current trend direction of DUTCH BROS INC-CLASS A (BROS) stock?
The current trend direction for DUTCH BROS INC-CLASS A (BROS) is Bearish.
What is the RSI signal for BROS stock?
DUTCH BROS INC-CLASS A (BROS) has an RSI value of 62.5982. This indicates that the stock is currently neutral.
What is the short term momentum for BROS stock?
The short term momentum for DUTCH BROS INC-CLASS A (BROS) is positive.