BYRNA TECHNOLOGIES INC (BYRN) Stock Technical Analysis
NASDAQ:BYRN - Nasdaq - US12448X2018 - Common Stock - Currency: USD
Taking everything into account, BYRN scores 4 out of 10 in our technical rating. Although BYRN is scoring some points because its good overall performance in the market in the past year, 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.
In the last month BYRN has a been trading in the 21.35 - 34.30 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that BYRN is one of the better performing stocks in the market, outperforming 93% of all stocks.
BYRN is an average performer in the Aerospace & Defense industry, it outperforms 68% of 67 stocks in the same industry.
BYRN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BYRN is lagging the market.
BYRN has an average technical rating and the quality of the presented setup is also 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
15.40
34.53
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.44 to 21.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.92 from a trend line in the weekly time frame.
- A support zone ranging from 15.56 to 15.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @32.80 from a horizontal line in the weekly time frame.
- Resistance @34.19 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 | 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 | 93.33 | POSITIVE | BYRN has a high relative strength, it outperformed 93.33% 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) | UP | MIXED | The current price of BYRN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BYRN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.47 | NEUTRAL | The RSI value for BYRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.15 | NEGATIVE | The MACD value suggests BYRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.37 | OVERSOLD | The low Stochastics value suggests BYRN may be oversold. |
| Average True Range in percent/ATR (20) | 10.19 | HIGH VOLATILITY | The high ATR as a percentage value for BYRN suggests high volalility. |
| Average Directional Index/ADX (14) | 32.44 | POSITIVE | The high ADX value value for BYRN 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)
21.45
-0.29 (-1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-1.33%
1 Week-4.71%
2 Weeks-36.08%
1 Month-29.28%
3 Month-7.42%
6 Month-30.27%
12 Month120%
2 Year481.3%
3 Year161.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.24
ATR(20)%10.19%
ATR Inc-67.92%
Range Today0.85
ADR(20)2.15
ADR(20)%10.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.33
Mansfield-0.87
10 Day High34.3
10 Day Low21.35
20 Day High34.3
20 Day Low21.35
52 Week High34.78
52 Week Low7.79
CS1 End21.44
CR1 Start32.8
Volume & EV
DER(3)-1.86%
DER(5)-1.8%
Volume698.20K
Volume Incr4.64%
Vol(5)822.22K
Vol(50)616.97K