FEMTO TECHNOLOGIES INC (BCAN) Stock Technical Analysis
NASDAQ:BCAN - Nasdaq - CA31447N2041 - Common Stock - Currency: USD
Overall BCAN gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
99% of all other stocks performed better in the past year than BCAN.
BCAN is one of the lesser performing stocks in the Software industry. 89% of 283 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. The S&P500 Index is trading in the upper part of its 52 week range, so BCAN is lagging the market.
In the last month BCAN has a been trading in the 3.95 - 9.43 range, which is quite wide. It is currently trading near the lows of this range.
Warning: BCAN has an average volume of 26682 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
BCAN has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.16
8.43
When analyzing the resistance we notice 4 important areas.
- Resistance @4.59 from a horizontal line in the daily time frame.
- Resistance @8.02 from a trend line in the daily time frame.
- Resistance @8.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 8.31 to 8.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BCAN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BCAN is down. |
| ChartMill Relative Strength | 1.3 | NEGATIVE | BCAN has a low relative strength, it was outperformed by 98.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BCAN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BCAN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BCAN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.32 | OVERSOLD | The low RSI value suggests BCAN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests BCAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.58 | OVERSOLD | The low Stochastics value suggests BCAN may be oversold. |
| Average True Range in percent/ATR (20) | 16 | HIGH VOLATILITY | The high ATR as a percentage value for BCAN suggests high volalility. |
| Average Directional Index/ADX (14) | 37.54 | POSITIVE | The high ADX value value for BCAN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.2
+0.21 (+5.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg5.26%
1 Week-5.41%
2 Weeks-13.76%
1 Month-50.53%
3 Month-48.28%
6 Month-55.91%
12 Month-99.32%
2 Year-99.96%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%16%
ATR Inc-57.46%
Range Today0.32
ADR(20)0.62
ADR(20)%14.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.3
Mansfield-9.44
10 Day High4.87
10 Day Low3.95
20 Day High9.43
20 Day Low3.95
52 Week High911.18
52 Week Low3.95
CS1 EndN/A
CR1 Start4.59
Volume & EV
DER(3)1.88%
DER(5)0.81%
Volume38.80K
Volume Incr-60.68%
Vol(5)21.42K
Vol(50)26.68K