BARNES & NOBLE EDUCATION INC (BNED) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BNED - US06777U2006 - Common Stock
Taking everything into account, BNED scores 0 out of 10 in our technical rating. BNED scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, BNED does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.31, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BNED in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.25
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.28 to 8.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.08 from a horizontal line in the daily time frame.
- Support @6.31 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.41 to 9.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.95 from a horizontal line in the daily time frame.
- Resistance @10.31 from a trend line in the weekly 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 BNED is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BNED is neutral. |
| ChartMill Relative Strength | 17.61 | NEGATIVE | BNED has a low relative strength, it was outperformed by 82.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNED is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BNED is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BNED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.13 | NEUTRAL | The RSI value for BNED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests BNED has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.88 | NEUTRAL | The Stochastics value for BNED is a neutral value. |
| Average True Range in percent/ATR (20) | 5.04 | HIGH VOLATILITY | The high ATR as a percentage value for BNED suggests high volalility. |
| Average Directional Index/ADX (14) | 18.95 | NEGATIVE | The low ADX value for BNED suggests a weak or negative trend. |
8.71
+0.39 (+4.69%)
BARNES & NOBLE EDUCATION INC / BNED FAQ
Can you provide the ChartMill technical rating for BARNES & NOBLE EDUCATION INC?
ChartMill assigns a technical rating of 0 / 10 to BNED.
What is the current trend direction of BARNES & NOBLE EDUCATION INC (BNED) stock?
The current trend direction for BARNES & NOBLE EDUCATION INC (BNED) is Bearish.
What is the RSI signal for BNED stock?
BARNES & NOBLE EDUCATION INC (BNED) has an RSI value of 50.126. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BARNES & NOBLE EDUCATION INC?
The short term momentum for BARNES & NOBLE EDUCATION INC (BNED) is neutral.