Brown & Brown Technical Analysis (NYSE:BRO)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Brown & Brown stock price data and volume are plotted in BRO stock charts and these trading charts form the basis of technical analysis.
See Brown & Brown bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Brown & Brown stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Brown & Brown Moving Average
Moving averages help predict the price direction of BRO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $29.48 is below the price of $29.89.
Brown & Brown Bollinger Bands
Bollinger bands comprise of a center line usually BRO SMA, and two BRO stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Brown & Brown bollinger bands show that the stock price is $29.89, upper band is 30.05, lower band is 28.92, and the average is 29.48.
Brown & Brown Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Brown & Brown MACD line is below the signal line.
Brown & Brown Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 69.57 is the RSI value of BRO stock.