BYRNA TECHNOLOGIES INC (BYRN) Stock Technical Analysis
NASDAQ:BYRN • US12448X2018
We assign a technical rating of 0 out of 10 to BYRN. BYRN 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BYRN is a bad performer in the overall market: 92% of all stocks are doing better.
- BYRN is part of the Aerospace & Defense industry. There are 74 other stocks in this industry, of which 84% are performing better than BYRN.
- BYRN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month BYRN has a been trading in the 11.13 - 15.52 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
BYRN has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
12.36
When analyzing the support we notice one important area.
- Support @12.48 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 13.20 to 13.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.70 from a horizontal line in the daily time frame.
- A resistance zone ranging from 15.36 to 15.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.62 from a trend line 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 | DOWN | NEGATIVE | The long term trend for BYRN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BYRN is down. |
| ChartMill Relative Strength | 8.04 | NEGATIVE | BYRN has a low relative strength, it was outperformed by 91.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BYRN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BYRN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BYRN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41 | NEUTRAL | The RSI value for BYRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BYRN has a positive trend. |
| Stochastics (14,3) | 28.47 | NEUTRAL | The Stochastics value for BYRN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.11 | HIGH VOLATILITY | The high ATR as a percentage value for BYRN suggests high volalility. |
| Average Directional Index/ADX (14) | 35.5 | POSITIVE | The high ADX value value for BYRN suggests a strong trend. |
12.81
+0.97 (+8.19%)
BYRNA TECHNOLOGIES INC / BYRN FAQ
What is the ChartMill technical rating of BYRNA TECHNOLOGIES INC (BYRN) stock?
ChartMill assigns a technical rating of 0 / 10 to BYRN.
What is the current trend direction of BYRNA TECHNOLOGIES INC (BYRN) stock?
The current trend direction for BYRNA TECHNOLOGIES INC (BYRN) is Bearish.
What is the RSI signal for BYRNA TECHNOLOGIES INC (BYRN) stock?
BYRNA TECHNOLOGIES INC (BYRN) has an RSI value of 41. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BYRNA TECHNOLOGIES INC?
The MACD indicator for BYRNA TECHNOLOGIES INC (BYRN) has a value of 0.0102608, indicating a bearish trend.
Can you provide the support and resistance levels for BYRNA TECHNOLOGIES INC?
BYRNA TECHNOLOGIES INC (BYRN) has a support level at 12.48 and a resistance level at 13.2. Check the full technical report for our detailed analysis of BYRN support and resistance levels.