Taking everything into account, BENF scores 6 out of 10 in our technical rating. BENF 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.
Although the technical rating is only medium, BENF does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.80, a Stop Loss order could be placed below this zone.
More info and screens
3.74
When analyzing the support we notice one important area.
- A support zone ranging from 3.78 to 3.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @7.13 from a horizontal line in the weekly time frame.
- Resistance @8.04 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 | NEUTRAL | NEUTRAL | The long term trend for BENF is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BENF is neutral. |
| ChartMill Relative Strength | 95.69 | POSITIVE | BENF has a high relative strength, it outperformed 95.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BENF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BENF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BENF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.98 | NEUTRAL | The RSI value for BENF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BENF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.29 | NEUTRAL | The Stochastics value for BENF is a neutral value. |
| Average True Range in percent/ATR (20) | 18.71 | HIGH VOLATILITY | The high ATR as a percentage value for BENF suggests high volalility. |
| Average Directional Index/ADX (14) | 29.12 | POSITIVE | The high ADX value value for BENF suggests a strong trend. |
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 |
|---|---|---|---|
| 7.14 | 3.77 | 3.37 (47.20%) | 2.12% |
| An entry @7.14. This is a Buy Stop order right above the resistance zone. | An exit @3.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.37 points, which is 47.20%. | For a 1.00% total portfolio risk, you can invest 2.12% 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.
6.85
+1.72 (+33.53%)
BENEFICIENT - CLASS A / BENF FAQ
Can you provide the ChartMill technical rating for BENEFICIENT - CLASS A?
ChartMill assigns a technical rating of 6 / 10 to BENF.
Can you provide the trend direction for BENEFICIENT - CLASS A?
The current trend direction for BENEFICIENT - CLASS A (BENF) is Bearish.
What is the RSI signal for BENEFICIENT - CLASS A (BENF) stock?
BENEFICIENT - CLASS A (BENF) has an RSI value of 57.9758. This indicates that the stock is currently neutral.
What is the short term momentum for BENF stock?
The short term momentum for BENEFICIENT - CLASS A (BENF) is neutral.
What are the support and resistance levels for BENEFICIENT - CLASS A (BENF) stock?
BENEFICIENT - CLASS A (BENF) has a support level at 3.8 and a resistance level at 7.13. Check the full technical report for our detailed analysis of BENF support and resistance levels.