Londinia Opportunities Analyses - 04/25/2024 (GMT) BURLINGTON STORES INC. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	BURL
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 180.00 USD

My targets

167.80 USD (-4.96%)

162.79 USD (-7.79%)

My analysis

BURLINGTON STORES INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 180.00 USD. The next support located at 167.80 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 162.79 USD. Below this support, sellers could then target 139.89 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.7

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Additional analysis

Quotes

BURLINGTON STORES INC. rating 176.55 USD. On the day, this instrument lost -1.23% and was between 174.64 USD and 179.62 USD. This implies that the price is at +1.09% from its lowest and at -1.71% from its highest.

174.64

179.62

176.55

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BURLINGTON STORES INC.:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of BURLINGTON STORES INC. in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	125.72	139.89	162.79	176.55	180.00	193.77	199.15
Change (%)	-28.79%	-20.76%	-7.79%	-	+1.95%	+9.75%	+12.80%
Change	-50.83	-36.66	-13.76	-	+3.45	+17.22	+22.60
Level	Minor	Intermediate	Minor	-	Major	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	171.99	175.11	176.92	180.04	181.85	184.97	186.78
Camarilla	177.38	177.84	178.29	178.74	179.19	179.64	180.10
Woodie	171.35	174.78	176.28	179.71	181.21	184.64	186.14
Fibonacci	175.11	176.99	178.15	180.04	181.92	183.08	184.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	158.07	167.80	173.18	182.91	188.29	198.02	203.40
Camarilla	174.42	175.80	177.19	178.57	179.96	181.34	182.73
Woodie	155.91	166.71	171.02	181.82	186.13	196.93	201.24
Fibonacci	167.80	173.57	177.14	182.91	188.68	192.25	198.02

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	184.06	193.88	213.04	222.86	242.02	251.84	271.00
Camarilla	224.22	226.88	229.53	232.19	234.85	237.50	240.16
Woodie	188.72	196.22	217.70	225.20	246.68	254.18	275.66
Fibonacci	193.88	204.95	211.79	222.86	233.93	240.77	251.84

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	36.92
MACD (12,26,9):	-0.8900
Directional Movement:	-11.29
AROON (14):	-57.15
DEMA (21):	177.66
Parabolic SAR (0,02-0,02-0,2):	181.99
Elder Ray (13):	-2.71
Super Trend (3,10):	180.93
Zig ZAG (10):	176.36
VORTEX (21):	0.9500
Stochastique (14,3,5):	9.67
TEMA (21):	177.99
Williams %R (14):	-72.97
Chande Momentum Oscillator (20):	-4.02
Repulse (5,40,3):	-0.3100
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	1.39

MA7:	178.75
MA20:	194.74
MA50:	205.32
MA100:	198.01
MAexp7:	177.38
MAexp20:	178.71
MAexp50:	181.43
MAexp100:	188.27
Price / MA7:	-1.23%
Price / MA20:	-9.34%
Price / MA50:	-14.01%
Price / MA100:	-10.84%
Price / MAexp7:	-0.47%
Price / MAexp20:	-1.21%
Price / MAexp50:	-2.69%
Price / MAexp100:	-6.23%

Quotes : - 15 min delayed data - Actions NYSE

News

The last news published on BURLINGTON STORES INC. at the time of the generation of this analysis was as follows: