BARNWELL INDUSTRIES INC (BRN)       2.7502  -0.06 (-2.13%)

2.7502  -0.06 (-2.13%)

US0682211000 - Common Stock

Technical Rating

We assign a technical rating of 3 out of 10 to BRN. BRN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, BRN outperforms 59% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
BRN is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 77% of 406 stocks in the same industry do better.
BRN is currently trading in the lower part of its 52 week range. But, the S&P500 Index is also trading in the lower part of its yearly range, so BRN is not an exception.
In the last month BRN has a been trading in the 2.68 - 3.40 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.

Statistics

1 Month 3 Months 6 Months 12 Months -2.09% 1.08% 15.64% -14.85% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 59.23 2 - 6.38
BRN Weekly chart
BRN Daily chart

Support/Resistance Analysis


2.40

3.35
4 important support areas can be observed.
  • Support @2.62 from a trend line in the weekly time frame.
  • Support @2.53 from a trend line in the daily time frame.
  • Support @2.49 from a horizontal line in the daily time frame.
  • A support zone ranging from 2.42 to 2.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
  • Resistance @2.76 from a trend line in the weekly time frame.
  • A resistance zone ranging from 2.83 to 2.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 3.04 to 3.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 3.22 to 3.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @3.32 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

Although the technical rating is bad, BRN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.


BRN Daily chart

BARNWELL INDUSTRIES INC2.7502

NYSEARCA:BRN (5/27/2022, 9:23:18 AM)-0.06 (-2.13%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today -2.13% 1 Week -6.95%
2 Weeks -4.1% 1 Month -2.09%
3 Month 1.08% 6 Month 15.64%
Volatility
ATR(14) 0.24 ATR(20)% 8.63%
ATR Inc -11.17% Range Today 0.1
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 59.23 Mansfield 1.27
10 Day High 3.4 10 Day Low 2.7
20 Day High 3.4 20 Day Low 2.68
52 Week High 6.38 52 Week Low 2
CS1 End 2.76 CR1 Start 2.83
Volume & EV
DER(3) -3.5% DER(5) -8.1%
Volume 89.14K Volume Incr -42.79%
Vol(5) 184.36K Vol(50) 316.99K

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