BRC Inc. Stock (NYSE: BRCC) Executive Changes Might Affect BRCC Stock Price Action!

BRC Inc. has announced some executive changes in the company as Kristina Braendel appointed as the new Chief Accounting Officer, while BRCC Stock price might get affected with news of fresh amendments in the company.
BRCC stock price has been trying to sustain above 20 and 50-EMA while being at 100-days Daily Moving Average.
BRCC share price has recovered around 13.23% year to date over the charts.

The recent news of some executive amendments in the BRC Inc. company might affect the price action of BRCC stock price over the charts. Nevertheless, the changes are for good as Kristina Braendel the newly appointed CAO (Chief Accounting Officer) may bring some positive financial changes in the working model of BRC Inc. BRCC share price has been constant inside the price range of $5.75 and $7.65 over the daily time frame chart.

BRCC stock price was at $7.02 and has lost 0.85% of its market capitalization during the closing of Friday’s trading session. However, volume change can be seen below average which signifies that buyers might come forward to revert the price action of BRCC share price.

BRCC stock price has been trying to sustain at 100-days Daily Moving Average to maintain itself above 20 and 50-EMA over the daily time frame chart. However, it looks like sellers were trying for a pull back by the closing of Friday’s trading session. BRCC stock price might continue to soar towards the upper limit of the consolidation phase by the opening of Monday’s trading session.

Past Experience of BRCC Stock Price

BRCC Stock price has gained around 11.78% in a week and around 10.55% increase in buying in the period of a month. However, quarterly growth of BRCC share price is slightly up by 0.72% showcasing the potential of BRCC shares. Top Wall Street analysts prefer the BRCC shares as they have stated that BRCC stocks hold the potential to recover with strong buying by the end of the 4th Quarter (Q4) in 2023.

Will BRCC Shares Soar on Monday?

BRCC stock price has been trying to skip this consolidation phase over the daily time frame chart. Technical indicators were pretty divergent over BRCC share price as RSI and MACD both show two different stories.

Relative Strength Index showcases the downtrend momentum of BRCC shares. RSI was at 61 and was moving towards neutrality. MACD exhibits the uptrend momentum of BRCC share price. The MACD line can be seen above the signal line. Investors in BRCC stocks need to wait until the BRCC share price starts surging towards the upper price range of the consolidation phase.

Summary

BRCC stock price has been caged inside an interesting horizontal range-bound area over the daily time frame chart. BRCC share price needs to maintain its uptrend momentum in order to break out of the consolidation phase over the daily chart. BRCC Share price has gained around 11.78% in a week and around 10.55% increase in buying in the period of a month. Technical indicators were pretty divergent over BRCC share price as RSI and MACD both show two different stories. The MACD line can be seen above the signal line. Investors in BRCC stocks need to wait until the BRCC share price starts surging towards the upper price range of the consolidation phase.

Technical Levels

Support Levels: $6.55 and $6.15

Resistance Levels: $7.25 and $7.65

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing