BURLINGTON STORES INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BURL
ISIN:

BURLINGTON STORES INC. - Daily - Technical analysis published on 06/24/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 234.15 USD

My targets

266.20 USD (+9.10%)

301.11 USD (+23.41%)

My analysis

The bullish trend is currently very strong on BURLINGTON STORES INC.. As long as the price remains above the support at 234.15 USD, you could try to benefit from the boom. The first bullish objective is located at 266.20 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 301.11 USD as an objective. Crossing it would then enable buyers to target 352.64 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BURLINGTON STORES INC. price is 244.00 USD. On the day, this instrument gained +1.68% and was traded between 239.12 USD and 244.72 USD over the period. The price is currently at +2.04% from its lowest and -0.29% from its highest.

239.12

244.72

244.00

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BURLINGTON STORES INC. in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	178.82	196.64	234.15	244.00	266.20	301.11	352.64
Change (%)	-26.71%	-19.41%	-4.04%	-	+9.10%	+23.41%	+44.52%
Change	-65.18	-47.36	-9.85	-	+22.20	+57.11	+108.64
Level	Major	Major	Major	-	Minor	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	232.83	234.33	237.15	238.65	241.47	242.97	245.79
Camarilla	238.79	239.19	239.58	239.98	240.38	240.77	241.17
Woodie	233.50	234.66	237.82	238.98	242.14	243.30	246.46
Fibonacci	234.33	235.98	237.00	238.65	240.30	241.32	242.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	219.16	223.83	231.91	236.58	244.66	249.33	257.41
Camarilla	236.47	237.64	238.81	239.98	241.15	242.32	243.49
Woodie	220.86	224.68	233.61	237.43	246.36	250.18	259.11
Fibonacci	223.83	228.70	231.71	236.58	241.45	244.46	249.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	127.35	151.32	195.69	219.66	264.03	288.00	332.37
Camarilla	221.26	227.52	233.79	240.05	246.32	252.58	258.84
Woodie	137.54	156.42	205.88	224.76	274.22	293.10	342.56
Fibonacci	151.32	177.43	193.56	219.66	245.77	261.90	288.00

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	71.92
MACD (12,26,9):	10.0600
Directional Movement:	24.36
AROON (14):	64.29
DEMA (21):	240.32
Parabolic SAR (0,02-0,02-0,2):	227.54
Elder Ray (13):	9.45
Super Trend (3,10):	222.47
Zig ZAG (10):	243.98
VORTEX (21):	1.0900
Stochastique (14,3,5):	84.34
TEMA (21):	244.47
Williams %R (14):	-4.20
Chande Momentum Oscillator (20):	8.38
Repulse (5,40,3):	3.7600
ROCnROLL:	1
TRIX (15,9):	0.7200
Courbe Coppock:	14.38

MA7:	235.46
MA20:	228.85
MA50:	203.03
MA100:	205.67
MAexp7:	236.94
MAexp20:	227.09
MAexp50:	213.84
MAexp100:	204.37
Price / MA7:	+3.63%
Price / MA20:	+6.62%
Price / MA50:	+20.18%
Price / MA100:	+18.64%
Price / MAexp7:	+2.98%
Price / MAexp20:	+7.45%
Price / MAexp50:	+14.10%
Price / MAexp100:	+19.39%

Quotes : - 15 min delayed data - NYSE Stocks

News

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

This member declared not having a position on this financial instrument or a related financial instrument.

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