BYND CANNASOFT ENTERPRISES (BCAN)       3.36  0 (0%)

3.36  0 (0%)

CA05608P1099 - Common Stock - After market: 3.35 -0.01 (-0.3%)

Technical Rating

2

We assign a technical rating of 2 out of 10 to BCAN. BCAN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month BCAN has a been trading in the 3.17 - 4.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
100% of all other stocks performed better in the past year than BCAN.
BCAN is one of the lesser performing stocks in the Software industry. 100% of 373 stocks in the same industry do better.
BCAN is currently trading near the lower end of its 52 week range, which is not a good sign. BCAN is lagging the S&P500 Index which is trading in the middle of its 52 week range.
Warning: BCAN has an average volume of 25740 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Statistics

1 Month 3 Months 6 Months 12 Months -13.44% 14.68% -27.12% 0.00% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 0 2.12 - 16.38
BCAN Weekly chart
BCAN Daily chart

Support/Resistance Analysis


3.15

4.50
2 important support areas can be observed.
  • Support @3.34 from a trend line in the daily time frame.
  • A support zone ranging from 3.18 to 3.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
  • A resistance zone ranging from 3.36 to 3.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 3.46 to 3.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @4.30 from a trend line in the daily time frame.
  • Resistance @4.46 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

5

Although the technical rating is bad, BCAN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.


BCAN Daily chart

BYND CANNASOFT ENTERPRISES3.36

NASDAQ:BCAN (1/27/2023, 7:00:00 PM)0 (0%)

After market: 3.35 -0.01 (-0.3%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Information Technology
GICS Industry Software

Performance
Today 0% 1 Week -2.61%
2 Weeks -0.3% 1 Month -13.44%
3 Month 14.68% 6 Month -27.11%

Volatility
ATR(14) 0.29 ATR(20)% 8.24%
ATR Inc -24.04% Range Today 0.21

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS N/A Mansfield -30
10 Day High 3.67 10 Day Low 3.17
20 Day High 4 20 Day Low 3.17
52 Week High 16.38 52 Week Low 2.12
CS1 End 3.34 CR1 Start 3.36

Volume & EV
DER(3) -13.95% DER(5) -7.1%
Volume 6.00K Volume Incr -44.44%
Vol(5) 5.42K Vol(50) 25.74K

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