CHINA NEW BORUN CORP (BORN) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BORN
Overall BORN gets a technical rating of 0 out of 10. BORN'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.
- When comparing the yearly performance of all stocks, BORN is a bad performer in the overall market: 100% of all stocks are doing better.
- BORN 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 BORN has a been trading in the 0.22 - 0.77 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of BORN 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
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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 BORN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BORN is down. |
| ChartMill Relative Strength | 0.72 | NEGATIVE | BORN has a low relative strength, it was outperformed by 99.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BORN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BORN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BORN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 15.51 | OVERSOLD | The low RSI value suggests BORN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BORN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.03 | OVERSOLD | The low Stochastics value suggests BORN may be oversold. |
| Average True Range in percent/ATR (20) | 22.05 | HIGH VOLATILITY | The high ATR as a percentage value for BORN suggests high volalility. |
NYSE:BORN (6/18/2019, 8:33:16 PM)
0.2701
+0.02 (+6.17%)
CHINA NEW BORUN CORP / BORN FAQ
What is the technical rating for BORN stock?
ChartMill assigns a technical rating of 0 / 10 to BORN.
What is the trend direction for BORN stock?
The current trend direction for CHINA NEW BORUN CORP (BORN) is Bearish.
What is the RSI signal for CHINA NEW BORUN CORP (BORN) stock?
CHINA NEW BORUN CORP (BORN) has an RSI value of 15.5125. This indicates that the stock is currently oversold.
Can you provide the MACD signal for CHINA NEW BORUN CORP?
The MACD indicator for CHINA NEW BORUN CORP (BORN) has a value of -0.0323208, indicating a bearish trend.