BYRNA TECHNOLOGIES INC (BYRN) Stock Technical Analysis
NASDAQ:BYRN - Nasdaq - US12448X2018 - Common Stock - Currency: USD
Overall BYRN gets a technical rating of 7 out of 10. BYRN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
BYRN is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 73% of 64 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that BYRN is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BYRN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BYRN is lagging the market slightly.
In the last month BYRN has a been trading in the 20.57 - 26.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
BYRN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.11. Right above this resistance zone may be a good entry point.
More info and screens
15.09
25.87
4 important support areas can be observed.
- A support zone ranging from 20.62 to 20.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.25 from a trend line in the weekly time frame.
- Support @15.93 from a trend line in the daily time frame.
- A support zone ranging from 15.24 to 15.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.11 to 25.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BYRN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BYRN is neutral. |
| ChartMill Relative Strength | 94.55 | POSITIVE | BYRN has a high relative strength, it outperformed 94.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BYRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BYRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BYRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.39 | NEUTRAL | The RSI value for BYRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests BYRN has a negative trend. |
| Stochastics (14,3) | 57.74 | NEUTRAL | The Stochastics value for BYRN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.84 | HIGH VOLATILITY | The high ATR as a percentage value for BYRN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.16 | NEGATIVE | The low ADX value for BYRN suggests a weak or negative 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 |
|---|---|---|---|
| 25.62 | 22.05 | 3.57 (13.93%) | 7.18% |
| An entry @25.62. This is a Buy Stop order right above the resistance zone. | An exit @22.05. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.57 points, which is 13.93%. | For a 1.00% total portfolio risk, you can invest 7.18% 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.
23.85
+0.44 (+1.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg1.88%
1 Week-5.99%
2 Weeks10.98%
1 Month2.93%
3 Month-16.35%
6 Month11.92%
12 Month96.94%
2 Year410.71%
3 Year195.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.39
ATR(20)%5.84%
ATR Inc-16.08%
Range Today1.6
ADR(20)1.32
ADR(20)%5.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.55
Mansfield2.55
10 Day High26
10 Day Low22.06
20 Day High26
20 Day Low20.57
52 Week High34.78
52 Week Low7.79
CS1 End20.88
CR1 Start25.11
Volume & EV
DER(3)-1.99%
DER(5)-1.35%
Volume429.00K
Volume Incr-12.23%
Vol(5)328.84K
Vol(50)562.58K