BANZAI INTERNATIONAL INC (BNZI) Stock Technical Analysis
NASDAQ:BNZI - Nasdaq - US06682J3086 - Common Stock - Currency: USD
Taking everything into account, BNZI scores 0 out of 10 in our technical rating. BNZI'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.
100% of all other stocks performed better in the past year than BNZI.
BNZI is one of the lesser performing stocks in the Software industry. 90% of 281 stocks in the same industry do better.
BNZI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BNZI is lagging the market.
In the last month BNZI has a been trading in the 2.65 - 5.90 range, which is quite wide. It is currently trading near the lows of this range.
BNZI has an average volume of 1934630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of BNZI is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.51
6.05
When analyzing the support we notice one important area.
- A support zone ranging from 3.55 to 3.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.88 to 3.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.11 from a horizontal line in the daily time frame.
- Resistance @5.99 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 BNZI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BNZI is down. |
| ChartMill Relative Strength | 0.61 | NEGATIVE | BNZI has a low relative strength, it was outperformed by 99.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNZI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BNZI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BNZI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.34 | NEUTRAL | The RSI value for BNZI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BNZI has a positive trend. |
| Stochastics (14,3) | 30.81 | NEUTRAL | The Stochastics value for BNZI is a neutral value. |
| Average True Range in percent/ATR (20) | 13.63 | HIGH VOLATILITY | The high ATR as a percentage value for BNZI suggests high volalility. |
| Average Directional Index/ADX (14) | 22.92 | NEUTRAL | The ADX value for BNZI suggests a possible start of a new 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)
3.6
+0.71 (+24.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg24.57%
1 Week-6.98%
2 Weeks-7.22%
1 Month-41.38%
3 Month-66.04%
6 Month-80.54%
12 Month-93.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%13.63%
ATR Inc37.12%
Range Today0.66
ADR(20)0.46
ADR(20)%12.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.61
Mansfield-8.34
10 Day High4.43
10 Day Low2.65
20 Day High5.9
20 Day Low2.65
52 Week High112
52 Week Low2.65
CS1 End3.59
CR1 Start3.88
Volume & EV
DER(3)-0.1%
DER(5)-1.93%
Volume626.20K
Volume Incr-40.79%
Vol(5)385.02K
Vol(50)1.93M