BURTECH ACQUISITION -CW23 (BZAIW) Stock Technical Analysis
NASDAQ:BZAIW -
0.41 USD
-0.02 (-4.65%)
0.4571 USD
+0.05 (+11.49%)
Overall BZAIW gets a technical rating of 4 out of 10. In the last year, BZAIW was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
When comparing the yearly performance of all stocks, BZAIW is a bad performer in the overall market: 100% of all stocks are doing better.
In the last month BZAIW has a been trading in the 0.40 - 0.64 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.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Considerably lower volume is observed in the last couple of days.
BZAIW has an average technical rating and it also does not offer a high 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
0.21
0.61
When analyzing the support we can see 2 important areas.
- Support @0.22 from a trend line in the daily time frame.
- Support @0.21 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.55 from a trend line in the daily time frame.
- Resistance @0.60 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 | UP | POSITIVE | The long term trend for BZAIW is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BZAIW is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | BZAIW has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BZAIW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BZAIW is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 37.85 | NEUTRAL | The RSI value for BZAIW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BZAIW has a negative trend. |
| Stochastics (14,3) | 3.91 | OVERSOLD | The low Stochastics value suggests BZAIW may be oversold. |
| Average True Range in percent/ATR (20) | 18.07 | HIGH VOLATILITY | The high ATR as a percentage value for BZAIW suggests high volalility. |
| Average Directional Index/ADX (14) | 21.11 | NEUTRAL | The ADX value for BZAIW suggests a possible start of a new 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)
0.41
-0.02 (-4.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.65%
1 Week-26.79%
2 Weeks-19.61%
1 Month-18.05%
3 Month50.35%
6 Month2.53%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%18.07%
ATR Inc-40.36%
Range Today0.05
ADR(20)0.07
ADR(20)%17.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.64
10 Day Low0.4
20 Day High0.64
20 Day Low0.4
52 Week HighN/A
52 Week LowN/A
CS1 End0.22
CR1 Start0.55
Volume & EV
DER(3)-8.75%
DER(5)-8.66%
Volume88.40K
Volume Incr-23.37%
Vol(5)57.14K
Vol(50)169.57K