BURCON NUTRASCIENCE CORP (BRCN) Technical Analysis
NASDAQ:BRCN • CA1208311029
Current stock price
BRCN Technical Rating and Analysis
Taking everything into account, BRCN scores 1 out of 10 in our technical rating. BRCN'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.
- When comparing the yearly performance of all stocks, BRCN is a bad performer in the overall market: 94% of all stocks are doing better.
- BRCN is one of the lesser performing stocks in the Chemicals industry. 92% of 83 stocks in the same industry do better.
- BRCN 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 BRCN is lagging the market.
- In the last month BRCN has a been trading in the 0.43 - 0.72 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.
BRCN Weekly and Daily overview Charts
BRCN Setup Rating and Analysis
The technical rating of BRCN 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
BRCN Support and Resistance Analysis
0.44
4 important resistance areas can be observed.
- Resistance @0.50 from a trend line in the daily time frame.
- Resistance @0.60 from a trend line in the daily time frame.
- Resistance @0.71 from a horizontal line in the daily time frame.
- Resistance @0.73 from a horizontal line in the daily time frame.
BRCN 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 | DOWN | NEGATIVE | The long term trend for BRCN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRCN is down. |
| ChartMill Relative Strength | 6.75 | NEGATIVE | BRCN has a low relative strength, it was outperformed by 93.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BRCN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BRCN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRCN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.97 | NEUTRAL | The RSI value for BRCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BRCN has a negative trend. |
| Stochastics (14,3) | 13.45 | OVERSOLD | The low Stochastics value suggests BRCN may be oversold. |
| Average True Range in percent/ATR (20) | 10.71 | HIGH VOLATILITY | The high ATR as a percentage value for BRCN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.47 | NEGATIVE | The low ADX value for BRCN suggests a weak or negative trend. |
BRCN Chart- and CandleStick Pattern Analysis
BRCN Technicals: Chart, Performance Metrics, Trend & Indicators
0.44
-0.02 (-4.78%)
BURCON NUTRASCIENCE CORP / BRCN TA FAQ
What is the technical rating for BRCN stock?
ChartMill assigns a technical rating of 1 / 10 to BRCN.
Can you provide the trend direction for BURCON NUTRASCIENCE CORP?
The current trend direction for BURCON NUTRASCIENCE CORP (BRCN) is Bearish.
What is the RSI signal for BRCN stock?
BURCON NUTRASCIENCE CORP (BRCN) has an RSI value of 34.9728. This indicates that the stock is currently neutral.
What is the MACD signal for BURCON NUTRASCIENCE CORP (BRCN) stock?
The MACD indicator for BURCON NUTRASCIENCE CORP (BRCN) has a value of -0.0143353, indicating a bearish trend.
Can you provide the support and resistance levels for BURCON NUTRASCIENCE CORP?
BURCON NUTRASCIENCE CORP (BRCN) has a resistance level at 0.5. Check the full technical report for our detailed analysis of BRCN support and resistance levels.