BARNWELL INDUSTRIES INC (BRN) Stock Technical Analysis
USA - NYSEARCA:BRN - US0682211000 - Common Stock
Overall BRN gets a technical rating of 2 out of 10. BRN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, BRN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 1.12, a Stop Loss order could be placed below this zone.
More info and screens
1.09
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.12 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.10 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.21 to 1.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.30 from a trend line in the daily time frame.
- Resistance @1.39 from a trend line in the weekly time frame.
- Resistance @1.69 from a trend line in the weekly time frame.
- Resistance @1.93 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for BRN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BRN is neutral. |
| ChartMill Relative Strength | 11.67 | NEGATIVE | BRN has a low relative strength, it was outperformed by 88.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BRN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BRN is below 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) | 39.19 | NEUTRAL | The RSI value for BRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BRN has a negative trend. |
| Stochastics (14,3) | 27.2 | NEUTRAL | The Stochastics value for BRN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.52 | HIGH VOLATILITY | The high ATR as a percentage value for BRN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for BRN suggests a weak or negative trend. |
1.15
-0.07 (-5.74%)
BARNWELL INDUSTRIES INC / BRN FAQ
What is the ChartMill technical rating of BARNWELL INDUSTRIES INC (BRN) stock?
ChartMill assigns a technical rating of 2 / 10 to BRN.
Can you provide the trend direction for BARNWELL INDUSTRIES INC?
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 39.1924. This indicates that the stock is currently neutral.
What is the MACD signal for BARNWELL INDUSTRIES INC (BRN) stock?
The MACD indicator for BARNWELL INDUSTRIES INC (BRN) has a value of -0.0198232, indicating a bearish trend.
Can you provide the support and resistance levels for BARNWELL INDUSTRIES INC?
BARNWELL INDUSTRIES INC (BRN) has a support level at 1.12 and a resistance level at 1.21. Check the full technical report for our detailed analysis of BRN support and resistance levels.