Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>BRC stock (NYSE: BRCC) hits 52-week low ahead of Quarterly Earnings.</a> </li> 
 <li> <span>2</span> <a>BRCC stock price looks oversold and trading far away from the 50-day EMA.</a> </li> 
 <li> <span>3</span> <a>BRC Inc. is expected to release its quarterly earnings on August 10, 2023.</a> </li> 
</ul> 
<p>BRC stock price (NYSE: BRCC) hit a 52-week low at 3.91 and formed a bearish pattern. Buyers are trying to defend the $4.00 support but sellers seem to be aggressive.&nbsp;</p> 
<p>BRCC stock price is in a strong downtrend and trading below the 50-day EMA. However, the share price has gone far away from the EMA. So short-term pullback may trigger at any time from lower levels.&nbsp;</p> 
<p>BRC Inc. stock price consolidated for a few months in a narrow range between $4.80 to $5.88. It showed signs of short-term base formation and created hope for trend reversal.&nbsp;</p> 
<p>BRCC stock tried multiple times to break the higher range and expand upward. But due to the strong presence of sellers, prices keep on facing rejection. In the mid of July, BRCC <a href="https://www.thecoinrepublic.com/2023/07/23/brcc-stock-beware-of-short-squeeze-in-brc-stock-after-earnings/" rel="noopener noreferrer nofollow">shares</a> dropped below the $4.80 support which invites further decline.&nbsp;</p> 
<p>Buyers seem to be losing confidence in the future outlook of BRC <a href="https://www.thecoinrepublic.com/2023/07/23/brcc-stock-beware-of-short-squeeze-in-brc-stock-after-earnings/" rel="noopener noreferrer nofollow">stock</a> so they are reluctant to build fresh longs. However, the prices look highly oversold and mild positive news might trigger a short squeeze.</p> 
<h2 class="wp-block-heading" id="strong-brc-stock-short-squeeze-possible-after-earnings-strong"><strong>BRC Stock: Short squeeze possible after Earnings?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/rgbUrtdbov-R5c1OyTe9X5L1_FZW2H_gx2GrZpAsy0gP3P4x4eli3uu-zrM9oV98ehKc9C5O9JYTp7C2BsvaCWJnqlJChyBcpU2NQoIEL-QVQ9KLkJYCzTAoz-KmgdYPeh2qYni0OG1IpDrOzKHRJg" alt="BRC Stock: Be Alert, Short Squeeze Possible in BRCC Stock?"> 
  <figcaption class="wp-element-caption">
    NYSE: BRCC daily chart by <a href="https://www.tradingview.com/x/k9DpmK1J/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>BRC stock price (NYSE: BRCC) is near the yearly low and prepares to react to the quarterly earnings. Any short-term pullback will force the short sellers to close their position. If short sellers took exit then the price might show a sharp rise.&nbsp;</p> 
<p>BRCC stock price closed the previous session at $4.02 with an intraday decline of -0.50%. The market capitalization of the company stands at $851.26 Million.&nbsp;</p> 
<p>BRC Inc. scheduled the quarterly earnings on Aug 10, 2023. Market analysts estimated an EPS of&nbsp; -0.059 and revenue of 92.025 Million. If the company beats the estimates then the short squeeze will increase substantially.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-brcc-stock-fell-for-3-consecutive-weeks-strong"><strong>BRCC Stock fell for 3 consecutive weeks</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_89b9a"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NYSE:BRCC",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_89b9a"

}

  );

  </script> 
</div>  
<p>BRCC stock fell for 3 consecutive weeks and displayed a bearish pattern. As of now, no signs of recovery in <a href="https://www.thecoinrepublic.com/2023/07/23/brcc-stock-beware-of-short-squeeze-in-brc-stock-after-earnings/" rel="noopener noreferrer nofollow">stock price </a>are visible. The next directorial move is expected after the release of earnings.&nbsp;</p> 
<p>The MACD curve slopes down and sustaining below the zero line indicates bearishness and dominance of sellers. The RSI at 22 near oversold territory due to pullback is possible.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>BRC stock price (NYSE: BRCC) is in a downtrend and trading near the 52-week low. The quarterly earnings are scheduled today due to which volatility may rise in BRCC stock. The technical analysis suggests investors and traders must be cautious in BRCC stock.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $4.50 and $5.00</li> 
 <li>Support levels: $4.00 and $3.50</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.&nbsp;</p>

BRC Stock: Be Alert, Short Squeeze Possible in BRCC Stock?

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