BARNWELL INDUSTRIES INC (BRN) Stock Technical Analysis
NYSEARCA:BRN - NYSE Arca - US0682211000 - Common Stock - Currency: USD
Overall BRN gets a technical rating of 0 out of 10. BRN'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.
96% 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. 90% of 211 stocks in the same industry do better.
BRN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month BRN has a been trading in the 1.13 - 2.28 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.
Considerably lower volume is observed in the last couple of days.
The technical rating of BRN 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
1.12
2.53
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.33 to 1.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.71 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.94 to 1.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.03 from a horizontal line in the daily time frame.
- Resistance @2.50 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for BRN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRN is down. |
| ChartMill Relative Strength | 4.62 | NEGATIVE | BRN has a low relative strength, it was outperformed by 95.38% 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) | DOWN | NEGATIVE | The current price of BRN is below a declining 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) | 40.67 | NEUTRAL | The RSI value for BRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BRN has a negative trend. |
| Stochastics (14,3) | 2.08 | OVERSOLD | The low Stochastics value suggests BRN may be oversold. |
| Average True Range in percent/ATR (20) | 18.94 | HIGH VOLATILITY | The high ATR as a percentage value for BRN suggests high volalility. |
| Average Directional Index/ADX (14) | 30.47 | POSITIVE | The high ADX value value for BRN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.13
-0.05 (-4.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.24%
1 Week-22.07%
2 Weeks-36.16%
1 Month-8.87%
3 Month-26.14%
6 Month-24.16%
12 Month-52.12%
2 Year-55.69%
3 Year-51.91%
5 Year25.65%
10 Year-52.32%
15 Year-60.63%
Volatility
ATR(14)0.27
ATR(20)%18.94%
ATR Inc-79.67%
Range Today0.06
ADR(20)0.21
ADR(20)%18.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.62
Mansfield-4.04
10 Day High2.28
10 Day Low1.13
20 Day High2.28
20 Day Low1.13
52 Week High2.53
52 Week Low1.13
CS1 EndN/A
CR1 Start1.94
Volume & EV
DER(3)-0.2%
DER(5)3.77%
Volume108.81K
Volume Incr-90.8%
Vol(5)121.96K
Vol(50)546.10K