BEYOND INC (BYON) Stock Technical Analysis
USA - NYSE:BYON - US6903701018 - Common Stock
Overall BYON gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BYON is only an average performer.
Besides having an excellent technical rating, BYON also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 9.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BYON in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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8.74
3 important support areas can be observed.
- A support zone ranging from 9.31 to 9.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.11 from a horizontal line in the daily time frame.
- A support zone ranging from 8.83 to 8.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @9.71 from a horizontal line in the daily time frame.
- A resistance zone ranging from 9.95 to 10.10. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for BYON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BYON is up. |
| ChartMill Relative Strength | 79.97 | POSITIVE | BYON has a high relative strength, it outperformed 79.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BYON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BYON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BYON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.14 | NEUTRAL | The RSI value for BYON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BYON has a negative trend. |
| Stochastics (14,3) | 69.21 | NEUTRAL | The Stochastics value for BYON is a neutral value. |
| Average True Range in percent/ATR (20) | 6.68 | HIGH VOLATILITY | The high ATR as a percentage value for BYON suggests high volalility. |
| Average Directional Index/ADX (14) | 22.86 | NEUTRAL | The ADX value for BYON suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.72 | 9.30 | 0.42 (4.32%) | 23.14% |
| An entry @9.72. This is a Buy Stop order right above the resistance zone. | An exit @9.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.42 points, which is 4.32%. | When investing 23.14% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BYON. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.44
+0.32 (+3.51%)
BEYOND INC / BYON FAQ
Can you provide the ChartMill technical rating for BEYOND INC?
ChartMill assigns a technical rating of 8 / 10 to BYON.
What is the current trend direction of BEYOND INC (BYON) stock?
The current trend direction for BEYOND INC (BYON) is Bullish.
What is the RSI signal for BYON stock?
BEYOND INC (BYON) has an RSI value of 55.1404. This indicates that the stock is currently neutral.
What is the buy/sell signal for BYON stock?
The buy/sell signal for BEYOND INC (BYON) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for BEYOND INC (BYON) stock?
BEYOND INC (BYON) has a support level at 9.43 and a resistance level at 9.71. Check the full technical report for our detailed analysis of BYON support and resistance levels.