BRAND ENGAGEMENT NETWORK INC (BNAI) Technical Analysis
NASDAQ:BNAI • US1049322076
Current stock price
BNAI Technical Rating and Analysis
Taking everything into account, BNAI scores 5 out of 10 in our technical rating. In the last year, BNAI was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month BNAI has a been trading in the 26.03 - 57.87 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- BNAI is one of the better performing stocks in the IT Services industry, it outperforms 100% of 89 stocks in the same industry.
- BNAI has an average volume of 1060000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Looking at the yearly performance, BNAI did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- BNAI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BNAI is lagging the market.
BNAI Weekly and Daily overview Charts
BNAI Setup Rating and Analysis
BNAI has an average technical rating and it also does not offer a high quality setup 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
BNAI Support and Resistance Analysis
27.99
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.04 to 56.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
BNAI 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 | UP | POSITIVE | The long term trend for BNAI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BNAI is down. |
| ChartMill Relative Strength | 99.32 | POSITIVE | BNAI has a high relative strength, it outperformed 99.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNAI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BNAI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNAI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.6 | NEUTRAL | The RSI value for BNAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.14 | NEGATIVE | The MACD value suggests BNAI has a negative trend. |
| Stochastics (14,3) | 5.74 | OVERSOLD | The low Stochastics value suggests BNAI may be oversold. |
| Average True Range in percent/ATR (20) | 19.35 | HIGH VOLATILITY | The high ATR as a percentage value for BNAI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.42 | NEUTRAL | The ADX value for BNAI suggests a possible start of a new trend. |
BNAI Chart- and CandleStick Pattern Analysis
BNAI Technicals: Chart, Performance Metrics, Trend & Indicators
28.27
-1.75 (-5.83%)
BRAND ENGAGEMENT NETWORK INC / BNAI TA FAQ
What is the ChartMill technical rating of BRAND ENGAGEMENT NETWORK INC (BNAI) stock?
ChartMill assigns a technical rating of 5 / 10 to BNAI.
Can you provide the trend direction for BRAND ENGAGEMENT NETWORK INC?
The current trend direction for BRAND ENGAGEMENT NETWORK INC (BNAI) is Bullish.
What is the RSI signal for BNAI stock?
BRAND ENGAGEMENT NETWORK INC (BNAI) has an RSI value of 38.5965. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BRAND ENGAGEMENT NETWORK INC?
The MACD indicator for BRAND ENGAGEMENT NETWORK INC (BNAI) has a value of -2.1376, indicating a bearish trend.
What is the buy/sell signal for BNAI stock?
The buy/sell signal for BRAND ENGAGEMENT NETWORK INC (BNAI) is hold as the short term and long term trends are mixed.