BARNWELL INDUSTRIES INC (BRN) Technical Analysis
NYSEARCA:BRN • US0682211000
Current stock price
BRN Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to BRN. In the past year, BRN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, BRN is a bad performer in the overall market: 77% of all stocks are doing better.
- BRN is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 82% are performing better than BRN.
- BRN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- 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 0.97 - 1.21 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
BRN Weekly and Daily overview Charts
BRN Setup Rating and Analysis
Although the technical rating is only medium, BRN does present a nice setup opportunity. 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 1.11, 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
0.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.10 to 1.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.98 to 1.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @1.18 from a trend line in the weekly time frame.
- Resistance @1.23 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.25 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.
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 | 23.71 | NEGATIVE | BRN has a low relative strength, it was outperformed by 76.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BRN is above a declining 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 | MIXED | The current price of BRN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.31 | NEUTRAL | The RSI value for BRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BRN has a positive trend. |
| Stochastics (14,3) | 84.92 | OVERBOUGHT | The high Stochastics value suggests BRN may be overbought. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for BRN suggests high volalility. |
| Average Directional Index/ADX (14) | 11.97 | 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
1.15
+0.01 (+0.88%)
BARNWELL INDUSTRIES INC / BRN TA FAQ
What is the ChartMill technical rating of BARNWELL INDUSTRIES INC (BRN) stock?
ChartMill assigns a technical rating of 4 / 10 to BRN.
What is the trend direction for BRN stock?
The current trend direction for BARNWELL INDUSTRIES INC (BRN) is Bearish.
What is the RSI signal for BRN stock?
BARNWELL INDUSTRIES INC (BRN) has an RSI value of 54.3146. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BARNWELL INDUSTRIES INC?
BARNWELL INDUSTRIES INC (BRN) has a support level at 1.11 and a resistance level at 1.18. Check the full technical report for our detailed analysis of BRN support and resistance levels.