Ticker Focus: Technical Signal Check on Shares of Brookline Bancorp (BRKL)

Investors may be focusing on technical signals for Brookline Bancorp (BRKL). Looking at the reading from the 20-day moving average vs price signal, we can see that the signal is showing Sell. This is the signal from the 20-day MA which is used to monitor changes in stock price. The current signal direction has been noted as Strongest.After a recent check, we have seen the short-term moving average Hilo channel at Sell. This indicator calculates the moving average based on highs/lows rather than the closing price. The signal direction is currently Weakening. This signal indicates whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is heading towards a Buy or Sell. 

Investors may be digging through all of the most recent earnings report trying to locate a few names that are poised to make a run. Investors often take notice when a company beats or misses analyst projections by a wide margin. Once identifying these stocks, investors may want to look back at earnings history over the past few quarters. While one or two sub-par quarters may not be a legitimate cause for alarm, a long string of underperformance may be worth looking into. On the flip side, one or two great quarters may not be telling the complete picture either. Going behind the curtain and investigating the numbers may help the investor locate the next batch of stocks to add to the portfolio.

Turning to analyst views, the current analyst rating on the stock is 4. This is using a scale where a 5 would represent a Strong Buy, a 4 would equal a Moderate Buy, 3 a hold, 2 a moderate sell, and a rating of 1 would indicate a Strong Sell. Focusing in on some other information, we can see that the stock has a current weighted alpha of -22.30. The weighted alpha measures how much the stock has increased or decreased over one year period. The weighting puts greater emphasis on more recent activity providing a more relevant measure for short-term technical analysts to use. A positive weighted alpha reading indicates that the stock has risen over the past year. A negative reading would indicate that the stock is down over that same time period. Technical traders often use the weighted alpha to help discover stocks that are building momentum.

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Investors may be watching stock price support and resistance levels on shares of Brookline Bancorp (BRKL). The support is simply a level where a stock may see a bounce after it has dropped. If the stock price can break through the first level of support, the attention may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it reaches a certain level of resistance. After a recent look, the stock’s first resistance level is 13.82. On the end, investors are keeping an eye on the first support level of 13.67. Investors will be watching the company shares closely as we head through earnings season. Interested parties will be watching to see if the company can beat analyst estimates for the quarter, and see what kind of impact the earnings results have on the stock moving forward.

Investors may also want to take a longer-term look at Brookline Bancorp (BRKL) shares. According to the most recent information, the stock has a 52-week high of 18.35 and a 52-week low of 12.84. Tracking longer-term price action may help provide investors with a bigger range of reference when doing stock analysis. We can also check on the current opinion signal. For today’s trading session, the signal is 100% Sell. This is the combined signal for the previous month when applying a wide array of studies based on price movement. Investors may also be interested in the strength and direction of the opinion signals. The opinion direction is currently Top 1%. This is a measurement over the past three trading sessions that provides an indication of whether the latest recent price movement is following the signal. A Buy or Sell signal with a “Strongest” direction indicates that the signal is gaining strength. The opinion strength signal is currently reading Average.

Investors may be searching for various types of stocks to help diversify the portfolio. Growth stocks include shares of companies that may have the possibility of generating higher than average profit growth and revenues. These companies tend to pump earnings back into the business, and they generally expand quicker than the overall economy. Although growth stocks can be a bit riskier, they can also provide a higher level of reward down the line. Cyclical stocks consist of companies that typically will ride the wave of the overall economy. These shares tend to perform well when the economy is doing well and perform poorer when the economy is faltering.