FEMTO TECHNOLOGIES INC (BCAN) Technical Analysis
NASDAQ:BCAN • CA31447N2041
Current stock price
BCAN Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to BCAN. BCAN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BCAN is a bad performer in the overall market: 99% of all stocks are doing better.
- BCAN is one of the lesser performing stocks in the Software industry. 89% of 275 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- 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 Weekly and Daily overview Charts
BCAN Setup Rating and Analysis
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
BCAN Support and Resistance Analysis
4.16
We can see 4 important resistance 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.
BCAN Technical Indicator Signal Analysis
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. |
BCAN Chart- and CandleStick Pattern Analysis
BCAN Technicals: Chart, Performance Metrics, Trend & Indicators
4.2
+0.21 (+5.26%)
FEMTO TECHNOLOGIES INC / BCAN TA FAQ
What is the technical rating for BCAN stock?
ChartMill assigns a technical rating of 0 / 10 to BCAN.
What is the current trend direction of FEMTO TECHNOLOGIES INC (BCAN) stock?
The current trend direction for FEMTO TECHNOLOGIES INC (BCAN) is Bearish.
Can you provide the RSI signal for FEMTO TECHNOLOGIES INC?
FEMTO TECHNOLOGIES INC (BCAN) has an RSI value of 24.3151. This indicates that the stock is currently oversold.
What is the MACD signal for FEMTO TECHNOLOGIES INC (BCAN) stock?
The MACD indicator for FEMTO TECHNOLOGIES INC (BCAN) has a value of -0.0929937, indicating a bearish trend.
Can you provide the support and resistance levels for FEMTO TECHNOLOGIES INC?
FEMTO TECHNOLOGIES INC (BCAN) has a resistance level at 4.59. Check the full technical report for our detailed analysis of BCAN support and resistance levels.