BANNIX ACQUISITION CORP (BNIX) Stock Technical Analysis
NASDAQ:BNIX - Nasdaq - US0666441052 - Common Stock - Currency: USD
Taking everything into account, BNIX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BNIX is showing a nice and steady performance.
Warning: BNIX has an average volume of 3672 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BNIX is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, BNIX also shows a nice and consistent pattern of rising prices.
BNIX is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month BNIX has a been trading in a tight range between 11.40 and 11.99.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, BNIX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 11.69, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.82
12.14
2 important support areas can be observed.
- A support zone ranging from 11.27 to 11.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.93 to 11.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @11.76 from a trend line in the daily time frame.
- A resistance zone ranging from 12.01 to 12.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.71
Mansfield-0.7
10 Day High11.77
10 Day Low11.56
20 Day High11.99
20 Day Low11.4
52 Week High12.74
52 Week Low10.63
Performance
1 Week0.9%
2 Weeks0.95%
1 Month0.43%
3 Month5.86%
6 Month6.53%
12 Month10.43%
2 Year13.42%
3 Year18.81%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)56.51
LBB11.53
UBB11.8
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 |
|---|---|---|---|
| 11.77 | 11.55 | 0.22 (1.87%) | 25.00% |
| An entry @11.77. This is a Buy Stop order right above the resistance zone. | An exit @11.55. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.22 points, which is 1.87%. | For a 0.47% total portfolio risk, you can invest 25.00% 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.
NASDAQ:BNIX (3/5/2025, 8:00:00 PM)
11.75
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.9%
2 Weeks0.95%
1 Month0.43%
3 Month5.86%
6 Month6.53%
12 Month10.43%
2 Year13.42%
3 Year18.81%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%1.48%
ATR Inc-79.16%
Range Today0
ADR(20)0.09
ADR(20)%0.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.71
Mansfield-0.7
10 Day High11.77
10 Day Low11.56
20 Day High11.99
20 Day Low11.4
52 Week High12.74
52 Week Low10.63
CS1 End11.69
CR1 Start11.76
Volume & EV
DER(3)0%
DER(5)0%
Volume4.00K
Volume Incr97.14%
Vol(5)6.90K
Vol(50)3.67K