BOWEN ACQUISITION CORP (BOWN) Stock Technical Analysis
NASDAQ:BOWN - Nasdaq - KYG127291105 - Common Stock - Currency: USD
Overall BOWN gets a technical rating of 7 out of 10. In the past year, BOWN was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
A new 52 week high is currently being made by BOWN, which is a very good signal! Especially since the S&P500 is only trading in the middle part of its 52 week range, so BOWN is leading the market.
In the last month BOWN has a been trading in the 6.23 - 19.77 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that BOWN is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BOWN has an excellent technical rating, it does not present a decent entry opportunity 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
6.66
11.08
We found 2 important support areas.
- Support @7.75 from a trend line in the daily time frame.
- Support @6.73 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.84 to 10.97. 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
CRS93.77
Mansfield2.01
10 Day High19.77
10 Day Low6.23
20 Day High19.77
20 Day Low6.23
52 Week High19.77
52 Week Low2.71
Performance
1 Week41.02%
2 Weeks37.96%
1 Month46.35%
3 Month50.31%
6 Month-0.09%
12 Month3.83%
2 YearN/A
3 YearN/A
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)0.43
RSI(14)61.38
LBB4.41
UBB12.56
10.83
-3.67 (-25.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-25.31%
1 Week41.02%
2 Weeks37.96%
1 Month46.35%
3 Month50.31%
6 Month-0.09%
12 Month3.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2
ATR(20)%15.86%
ATR Inc639.73%
Range Today10.6
ADR(20)1.68
ADR(20)%15.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.77
Mansfield2.01
10 Day High19.77
10 Day Low6.23
20 Day High19.77
20 Day Low6.23
52 Week High19.77
52 Week Low2.71
CS1 End7.75
CR1 Start10.84
Volume & EV
DER(3)7.2%
DER(5)-3.6%
Volume238.90K
Volume Incr-78.84%
Vol(5)80.86K
Vol(50)169.63K