BEYOND INC (BYON) Stock Technical Analysis
NYSE:BYON - New York Stock Exchange, Inc. - US6903701018 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to BYON. BYON has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, BYON is a bad performer in the overall market: 83% of all stocks are doing better.
BYON 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BYON has a been trading in the 5.47 - 7.34 range, which is quite wide. It is currently trading near the high of this range.
BYON has an average volume of 2867760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BYON is an average performer in the Specialty Retail industry, it outperforms 40% of 120 stocks in the same industry.
Although the technical rating is only medium, BYON does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.83. Right above this resistance zone may be a good entry point.
More info and screens
3.64
8.52
When analyzing the support we can see 2 important areas.
- Support @6.12 from a horizontal line in the daily time frame.
- Support @3.68 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 6.83 to 6.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.62 from a trend line in the daily time frame.
- Resistance @8.44 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for BYON is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BYON is up. |
| ChartMill Relative Strength | 17.55 | NEGATIVE | BYON has a low relative strength, it was outperformed by 82.45% 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) | DOWN | NEGATIVE | The current price of BYON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.93 | NEUTRAL | The RSI value for BYON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BYON has a negative trend. |
| Stochastics (14,3) | 71.74 | NEUTRAL | The Stochastics value for BYON is a neutral value. |
| Average True Range in percent/ATR (20) | 7.74 | HIGH VOLATILITY | The high ATR as a percentage value for BYON suggests high volalility. |
| Average Directional Index/ADX (14) | 41.97 | POSITIVE | The high ADX value value for BYON 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)
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 |
|---|---|---|---|
| 6.96 | 6.11 | 0.85 (12.21%) | 8.19% |
| An entry @6.96. This is a Buy Stop order right above the resistance zone. | An exit @6.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.85 points, which is 12.21%. | For a 1.00% total portfolio risk, you can invest 8.19% of your capital in this trade. |
- 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.
6.82
-0.12 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.73%
1 Week2.1%
2 Weeks3.18%
1 Month22%
3 Month21.35%
6 Month29.9%
12 Month-50.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%7.74%
ATR Inc-20.65%
Range Today0.37
ADR(20)0.51
ADR(20)%7.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.55
Mansfield-1.78
10 Day High7.34
10 Day Low5.98
20 Day High7.34
20 Day Low5.47
52 Week High15.44
52 Week Low3.54
CS1 End6.12
CR1 Start6.83
Volume & EV
DER(3)1.43%
DER(5)-2.25%
Volume1.97M
Volume Incr-21.15%
Vol(5)2.39M
Vol(50)2.87M