Brixmor Property Group Inc. (BRX) has been in a prolonged slide to the downside like other companies in this space. Let's review the charts and indicators to see if an opportunity exists here.
In this daily bar chart of BRX, below, we can see that prices are below the declining 50-day average and the declining 200-day moving average line. The pace of trading was heavy last month as prices declined to around $14.
The daily On-Balance-Volume (OBV) trend does not fit the chart picture with the OBV line rising the past year as prices have declined.
The trend-following Moving Average Convergence Divergence (MACD) oscillator has been below the zero line since September indicating a negative trend. This oscillator crossed to the upside last month to give a cover shorts buy signal but the two lines of this indicator have narrowed recently towards a possible new sell signal.
In this weekly bar chart of BRX, below, is below the declining 40-week moving average line. The weekly OBV line has been trending lower since late 2016 and tells us that sellers have been more aggressive on this time frame. The weekly MACD oscillator is in a bearish configuration below the zero line.
In this Point and Figure chart of BRX, below, we do not have much of a downside price target, $15.22, but the trend is still bearish. Time will be needed to establish a base.
Bottom line: BRX has been in a downtrend and while a low may have been established last month a durable bottom is not here yet. With a lot of chart resistance in the $18 area it will take time for a turnaround.