NUBURU INC (BURU) Stock Technical Analysis
NYSEARCA:BURU - NYSE Arca - US67021W3016 - Common Stock - Currency: USD
Overall BURU gets a technical rating of 1 out of 10. BURU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
82% of all other stocks performed better in the past year than BURU.
BURU is one of the lesser performing stocks in the Machinery industry. 71% of 128 stocks in the same industry do better.
BURU is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BURU is lagging the market.
BURU has an average volume of 5785270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BURU has a been trading in the 0.13 - 0.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BURU has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.15, a Stop Loss order could be placed below this zone.
More info and screens
0.15
0.18
When analyzing the support we notice one important area.
- A support zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 0.18 to 0.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 BURU is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BURU is neutral. |
| ChartMill Relative Strength | 18.23 | NEGATIVE | BURU has a low relative strength, it was outperformed by 81.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BURU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BURU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BURU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.84 | NEUTRAL | The RSI value for BURU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BURU has a positive trend. |
| Stochastics (14,3) | 57.39 | NEUTRAL | The Stochastics value for BURU is a neutral value. |
| Average True Range in percent/ATR (20) | 10.04 | HIGH VOLATILITY | The high ATR as a percentage value for BURU suggests high volalility. |
| Average Directional Index/ADX (14) | 9.69 | NEGATIVE | The low ADX value for BURU suggests a weak or negative 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)
0.1655
+0.01 (+8.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg8.17%
1 Week12.66%
2 Weeks14.3%
1 Month5.08%
3 Month-42.53%
6 Month-64.89%
12 Month-1.49%
2 Year-82.57%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%10.04%
ATR Inc14.44%
Range Today0.03
ADR(20)0.02
ADR(20)%9.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.23
Mansfield-6.86
10 Day High0.17
10 Day Low0.14
20 Day High0.18
20 Day Low0.13
52 Week High4.45
52 Week Low0.09
CS1 End0.15
CR1 Start0.17
Volume & EV
DER(3)-4.46%
DER(5)-1.18%
Volume9.30M
Volume Incr44.95%
Vol(5)6.78M
Vol(50)5.79M