Brady Corp (BRC): Price Now Near $50.42; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for BRC

At the time of this writing, BRC (Get Ratings)’s price is down $-0.3 (-0.6%) from the hour prior. The hourly chart shows that BRC has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on BRC; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of NA stocks, BRC ranks 17th in regards to today’s price percentage change.

BRC’s Technical Outlook on the Daily Chart

At the time of this writing, BRC’s price is down $-0.73 (-1.43%) from the day prior. The daily chart shows that BRC has seen 2 straight down days. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them so that price is now turning below it. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows BRC’s price action over the past 90 days.