Some interesting things happening with BRN on a technical level,
The RSI is hovering around the 30 area, as you can see on the chart below the last 4 times price got down to this oversold level there was a decent bounce soon after.
Dec 2020 RSI hovered close to 30 BRN moved from a low of 30.5c to a high of 68c over 19 trading days
March 2021 RSI touched 30, BRN moved from a low of 41c to a high of 77c this time it took only 12 trading days
July 2021 the RSI hovered around 30 BRN moved from a low of 43.5 to a high of 55c over 11 trading days
October 2021 RSI actually broke below 30, BRN moved from a low of 36.5 to a high of 52c over 16 trading days
So whenever the SP gets so oversold BRN has a history of rallying once the RSI gets near to 30, BRN rallied 25%, 40%, 90% to 125%
Currently the RSI is also near the 30 level so odds favour a decent bounce based on BRN's history, the daily macd is also about to cross and even after such a large sell off BRN is still above its 200 day MA
DYOR
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Chart, page-18195
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Last
22.0¢ |
Change
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Mkt cap ! $408.3M |
Open | High | Low | Value | Volume |
22.5¢ | 22.5¢ | 21.8¢ | $1.107M | 5.019M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 110458 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 355185 | 24 |
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No. | Vol. | Price($) |
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6 | 110458 | 0.220 |
16 | 465666 | 0.215 |
23 | 548788 | 0.210 |
22 | 841623 | 0.205 |
60 | 1870008 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 355185 | 24 |
0.230 | 563156 | 16 |
0.235 | 582441 | 18 |
0.240 | 398618 | 13 |
0.245 | 587269 | 12 |
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