Taking everything into account, BYRN scores 0 out of 10 in our technical rating. BYRN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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 72 other stocks in this industry, of which 84% are performing better than BYRN.
- BYRN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month BYRN has a been trading in the 11.13 - 18.25 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of BYRN is bad and it also does not present a quality setup 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
13.03
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 16.58 to 16.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.50 from a horizontal line in the daily time frame.
- Resistance @18.08 from a trend line in the weekly time frame.
- Resistance @20.46 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 | 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 | 8.28 | NEGATIVE | BYRN has a low relative strength, it was outperformed by 91.72% 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) | 31.77 | NEUTRAL | The RSI value for BYRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests BYRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.69 | OVERSOLD | The low Stochastics value suggests BYRN may be oversold. |
| Average True Range in percent/ATR (20) | 7.5 | HIGH VOLATILITY | The high ATR as a percentage value for BYRN suggests high volalility. |
| Average Directional Index/ADX (14) | 31.98 | POSITIVE | The high ADX value value for BYRN suggests a strong trend. |
13.16
+0.94 (+7.69%)
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 31.7674. 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 -0.264446, indicating a bearish trend.
Can you provide the support and resistance levels for BYRNA TECHNOLOGIES INC?
BYRNA TECHNOLOGIES INC (BYRN) has a resistance level at 16.58. Check the full technical report for our detailed analysis of BYRN support and resistance levels.