BARNWELL INDUSTRIES INC (BRN) Technical Analysis
NYSEARCA:BRN • US0682211000
Current stock price
BRN Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to BRN. Recently some decent action could be observed, but in the medium term time frame this is still negative. BRN was also a bad performer in the overall market in the last year.
- 77% of all other stocks performed better in the past year than BRN.
- BRN is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 87% of 209 stocks in the same industry do better.
- BRN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BRN is lagging the market.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month BRN has a been trading in the 0.99 - 1.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BRN Weekly and Daily overview Charts
BRN Setup Rating and Analysis
BRN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BRN 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
BRN Support and Resistance Analysis
1.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.12 to 1.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.08 from a trend line in the daily time frame.
- Support @1.01 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @1.17 from a trend line in the weekly time frame.
- Resistance @1.22 from a trend line in the daily time frame.
- A resistance zone ranging from 1.27 to 1.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 1.30 to 1.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.34 from a horizontal line in the weekly time frame.
BRN 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 | NEUTRAL | NEUTRAL | The long term trend for BRN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRN is up. |
| ChartMill Relative Strength | 23.6 | NEGATIVE | BRN has a low relative strength, it was outperformed by 76.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.98 | NEUTRAL | The RSI value for BRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BRN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.48 | NEUTRAL | The Stochastics value for BRN is a neutral value. |
| Average True Range in percent/ATR (20) | 11.41 | HIGH VOLATILITY | The high ATR as a percentage value for BRN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.89 | NEGATIVE | The low ADX value for BRN suggests a weak or negative trend. |
BRN Chart- and CandleStick Pattern Analysis
BRN Technicals: Chart, Performance Metrics, Trend & Indicators
1.17
+0.01 (+0.86%)
BARNWELL INDUSTRIES INC / BRN TA FAQ
What is the ChartMill technical rating of BARNWELL INDUSTRIES INC (BRN) stock?
ChartMill assigns a technical rating of 5 / 10 to BRN.
What is the current trend direction of BARNWELL INDUSTRIES INC (BRN) stock?
The current trend direction for BARNWELL INDUSTRIES INC (BRN) is Bearish.
Can you provide the RSI signal for BARNWELL INDUSTRIES INC?
BARNWELL INDUSTRIES INC (BRN) has an RSI value of 53.9825. This indicates that the stock is currently neutral.
What is the MACD signal for BRN stock?
The MACD indicator for BARNWELL INDUSTRIES INC (BRN) has a value of 0.00282942, indicating a bearish trend.
What is the support and resistance level for BRN stock?
BARNWELL INDUSTRIES INC (BRN) has a support level at 1.15 and a resistance level at 1.17. Check the full technical report for our detailed analysis of BRN support and resistance levels.