Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>BRCC stock price fell 10% in the current week and hit a 52-week low.</a></li>
 <li><span>2</span> <a>BRC stock price broke $4.00 and formed a bearish pattern.</a></li>
 <li><span>3</span> <a>BRC Inc. stock price is in a strong downtrend.</a></li>
</ul>
<p>BRCC stock price is in a correction phase and fell 10% in the current week. It broke down the crucial support of $4.00 and hit a 52-week low at $3.19.&nbsp;</p>
<p>BRC stock price faced sharp rejection from the 50-day EMA and declined by forming lower low swings. However, the price looks oversold so a short squeeze may get triggered anytime.&nbsp;</p>
<p>In the last two months, BRCC stock price consolidated in the range between $4.00 to $5.00.&nbsp;</p>
<p>Buyers tried multiple times to break the higher range and expand upward. But sellers succeed in defending the supply zone and revert the prices downward. It shows that bears dominance on the higher levels.&nbsp;</p>
<p>At present, BRCC stock is inside the bear’s grip and continues to fall which erodes a big portion of the market capitalization. The selling volume is high and prices are declining indicating investors are taking an exit from the higher levels.&nbsp;</p>
<p>The price action suggests that <a href="https://www.thecoinrepublic.com/2023/09/04/brc-inc-nyse-brcc-brcc-stock-rising-from-ashes-targets-5/" rel="noopener noreferrer nofollow">BRC share price</a> has entered a new range and may spend some time in a consolidation. BRCC stock price closed the previous session at $3.21 with a one-day decline of -6.69%.</p>
<h2 class="wp-block-heading" id="strong-will-brcc-stock-price-defend-3-00-strong"><strong>Will BRCC Stock Price Defend $3.00?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh5.googleusercontent.com/hub6bnfKSBsafc1M2zWMhjb-fXCuLHQVZHEAVK_RXHk2EnJIG5tzE-BK4-sWyKDCmsNI4yhgsOq1qN4N9GrhGpvCumxSyEYqcTwKnmp7y1NF4YwREecBE_CqNvERd0Edxs_HO0Bp9uQlqdoDj6E-I-4" alt="BRCC Stock Price Fell 10%; Will BRC Stock Price Fall More?">
  <figcaption class="wp-element-caption">
   NYSE: BRCC daily chart by <a href="https://www.tradingview.com/x/HaroRDqR/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>BRCC stock price prediction stays bearish for October 2023. The short-term upmove toward $4.00 may come but the possibility of getting rejected is high.&nbsp;</p>
<p>Till the BRC share price is below $4.00, it will remain bearish. So, investors should avoid investing money at current levels. However, short-term traders may look for sell-on-rise opportunities by keeping a stop loss at a 50-day EMA.&nbsp;</p>
<p>If buyers succeed in pushing the price above the 50-day EMA, then investors might see a rise toward $5.00. The technical analysis suggests <a href="https://www.thecoinrepublic.com/2023/09/04/brc-inc-nyse-brcc-brcc-stock-rising-from-ashes-targets-5/" rel="noopener noreferrer nofollow">BRCC</a> stock is on sellers’ radar so it will be difficult for the buyers to defend $3 support.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-brc-stock-price-is-in-bears-grip-strong"><strong>BRC Stock Price is in Bears’ Grip</strong></h3> 
<div class="tradingview-widget-container">
 &nbsp;&nbsp; 
 <div id="tradingview_0b5c6"></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": "light",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;RSI",

    "STD;Supertrend"

  ],

  "container_id": "tradingview_0b5c6"

}

  );

  </script>
</div> 
<p>BRC stock price fell for five consecutive weeks and formed a bearish pattern on the weekly timeframe. The financials of the company are not up to the mark so new long-term investors are reluctant to build long positions.&nbsp;</p>
<p>The MACD curve slopes down and the histogram bar is red. It shows the strength of the bears and indicates more downside is possible. The RSI at 27 pointing down denotes oversold territory so a relief rally may trigger from the lows.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>BRCC stock price fell 10% this week and formed a bearish pattern. At present, BRC stock price is inside the bears’ grip and no signs of recovery are visible.</p>
<p>The analysis suggests that BRCC share price is on the sellers’ radar and more downside may come.</p>
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5>
<ul>
 <li>Resistance levels: $3.91 and $4.50</li>
 <li>Support levels: $3.00 and $2.80</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.</p>

BRCC Stock Price Fell 10%; Will BRC Stock Price Fall More?

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Thecoinrepublic.com

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