BRAND ENGAGEMENT NETWORK INC (BNAI) Technical Analysis
NASDAQ:BNAI • US1049322076
Current stock price
BNAI Technical Rating and Analysis
Taking everything into account, BNAI scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, BNAI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- In the last month BNAI has a been trading in the 33.65 - 60.00 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- BNAI is one of the better performing stocks in the IT Services industry, it outperforms 98% of 88 stocks in the same industry.
- BNAI has an average volume of 3723960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that BNAI is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- BNAI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BNAI is lagging the market slightly.
BNAI Weekly and Daily overview Charts
BNAI Setup Rating and Analysis
Although BNAI has an excellent technical rating, it 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
35.59
When analyzing the support we notice one important area.
- A support zone ranging from 35.95 to 36.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 41.67 to 41.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @51.35 from a trend line 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 | UP | POSITIVE | The short term trend for BNAI is up. |
| ChartMill Relative Strength | 99.9 | POSITIVE | BNAI has a high relative strength, it outperformed 99.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BNAI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNAI is above 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) | 56.49 | NEUTRAL | The RSI value for BNAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.74 | NEGATIVE | The MACD value suggests BNAI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.87 | NEUTRAL | The Stochastics value for BNAI is a neutral value. |
| Average True Range in percent/ATR (20) | 12.06 | HIGH VOLATILITY | The high ATR as a percentage value for BNAI suggests high volalility. |
| Average Directional Index/ADX (14) | 30.95 | POSITIVE | The high ADX value value for BNAI suggests a strong trend. |
BNAI Chart- and CandleStick Pattern Analysis
BNAI Technicals: Chart, Performance Metrics, Trend & Indicators
41.66
+4 (+10.62%)
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 8 / 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 56.4902. 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 -0.738587, indicating a bearish trend.
What is the buy/sell signal for BNAI stock?
The buy/sell signal for BRAND ENGAGEMENT NETWORK INC (BNAI) is buy as both the short term and long term trends are positive.