BRAND ENGAGEMENT NETWORK INC (BNAI) Stock Technical Analysis
NASDAQ:BNAI - Nasdaq - US1049321086 - Common Stock - Currency: USD
Taking everything into account, BNAI scores 1 out of 10 in our technical rating. BNAI'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
96% of all other stocks performed better in the past year than BNAI.
BNAI is one of the lesser performing stocks in the IT Services industry. 87% of 82 stocks in the same industry do better.
BNAI 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 BNAI has a been trading in the 0.30 - 0.46 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
BNAI has an average volume of 8422620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BNAI has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
0.30
0.53
We found 2 important support areas.
- Support @0.32 from a trend line in the daily time frame.
- A support zone ranging from 0.30 to 0.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.35 to 0.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.40 from a trend line in the daily time frame.
- Resistance @0.43 from a trend line in the weekly time frame.
- Resistance @0.52 from a trend line 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 BNAI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BNAI is neutral. |
| ChartMill Relative Strength | 4.31 | NEGATIVE | BNAI has a low relative strength, it was outperformed by 95.69% 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) | DOWN | NEGATIVE | The current price of BNAI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.04 | NEUTRAL | The RSI value for BNAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BNAI has a positive trend. |
| Stochastics (14,3) | 57.16 | NEUTRAL | The Stochastics value for BNAI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.28 | HIGH VOLATILITY | The high ATR as a percentage value for BNAI suggests high volalility. |
| Average Directional Index/ADX (14) | 12.68 | NEGATIVE | The low ADX value for BNAI suggests a weak or negative 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)
0.3434
-0.02 (-5.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-5.61%
1 Week6.65%
2 Weeks2.81%
1 Month-21.95%
3 Month-1.6%
6 Month-9.32%
12 Month-78.4%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%10.28%
ATR Inc37.55%
Range Today0.05
ADR(20)0.03
ADR(20)%10.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.31
Mansfield-5.33
10 Day High0.37
10 Day Low0.3
20 Day High0.46
20 Day Low0.3
52 Week High2.64
52 Week Low0.23
CS1 End0.32
CR1 Start0.35
Volume & EV
DER(3)2.01%
DER(5)-1.43%
Volume595.20K
Volume Incr-23.1%
Vol(5)624.86K
Vol(50)8.42M