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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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. 89% of 282 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BNZI has a been trading in the 3.93 - 10.40 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.
BNZI has an average volume of 2071010 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. 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
4.14
7.50
2 important resistance areas can be observed.
- Resistance @6.10 from a trend line in the daily time frame.
- Resistance @7.43 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 | 0.58 | NEGATIVE | BNZI has a low relative strength, it was outperformed by 99.42% 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) | 25.79 | OVERSOLD | The low RSI value suggests BNZI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests BNZI has a negative trend. |
| Stochastics (14,3) | 6.9 | OVERSOLD | The low Stochastics value suggests BNZI may be oversold. |
| Average True Range in percent/ATR (20) | 23.53 | HIGH VOLATILITY | The high ATR as a percentage value for BNZI suggests high volalility. |
| Average Directional Index/ADX (14) | 13.5 | NEGATIVE | The low ADX value for BNZI 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)
4.18
+0.11 (+2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.7%
1 Week-31.93%
2 Weeks-28.84%
1 Month-51.56%
3 Month-59.42%
6 Month-72.86%
12 Month-94.93%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%23.53%
ATR Inc-47.55%
Range Today0.25
ADR(20)0.94
ADR(20)%22.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.58
Mansfield-8.4
10 Day High6.9
10 Day Low3.93
20 Day High10.4
20 Day Low3.93
52 Week High112
52 Week Low3.93
CS1 EndN/A
CR1 Start6.1
Volume & EV
DER(3)-6%
DER(5)-7.65%
Volume379.10K
Volume Incr-82.78%
Vol(5)714.80K
Vol(50)2.07M