BANYAN GOLD CORP (BYN.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:BYN - CA06683K1066 - Common Stock
We assign a technical rating of 10 out of 10 to BYN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BYN is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that BYN is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by BYN over the past year are nicely spread over this period.
- BYN is one of the better performing stocks in the Metals & Mining industry, it outperforms 92% of 820 stocks in the same industry.
- BYN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BYN has a been trading in the 0.90 - 1.34 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BYN has an excellent technical rating, the quality of the presented setup is not ideal 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
0.91
3 important support areas can be observed.
- Support @1.15 from a horizontal line in the daily time frame.
- A support zone ranging from 0.98 to 1.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.92 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 | UP | POSITIVE | The long term trend for BYN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BYN.CA is up. |
| ChartMill Relative Strength | 97.08 | POSITIVE | BYN.CA has a high relative strength, it outperformed 97.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BYN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BYN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BYN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.59 | NEUTRAL | The RSI value for BYN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BYN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.1 | OVERBOUGHT | The high Stochastics value suggests BYN.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for BYN.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 46.94 | POSITIVE | The high ADX value value for BYN.CA suggests a strong trend. |
TSX-V:BYN (1/23/2026, 7:00:00 PM)
1.29
-0.01 (-0.77%)
BANYAN GOLD CORP / BYN.CA FAQ
What is the ChartMill technical rating of BANYAN GOLD CORP (BYN.CA) stock?
ChartMill assigns a technical rating of 10 / 10 to BYN.CA.
Can you provide the trend direction for BANYAN GOLD CORP?
The current trend direction for BANYAN GOLD CORP (BYN.CA) is Bullish.
What is the RSI signal for BYN stock?
BANYAN GOLD CORP (BYN.CA) has an RSI value of 67.5927. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BANYAN GOLD CORP?
The short term momentum for BANYAN GOLD CORP (BYN.CA) is positive.
Can you provide the buy/sell signal for BANYAN GOLD CORP?
The buy/sell signal for BANYAN GOLD CORP (BYN.CA) is buy as both the short term and long term trends are positive.