Technical Analysis for BCAN - BYND Cannasoft Enterprises Inc

Grade Last Price % Change Price Change
F 0.63 1.21% 0.01
BCAN closed up 1.21 percent on Monday, July 1, 2024, on 9 percent of normal volume. The bears made the stock sink to a new 52-week low. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
BB Squeeze + Lower Band Touch Range Contraction 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish 1.21%
180 Bearish Setup Bearish Swing Setup 1.21%

   Recent Intraday Alerts

Alert Time
Bearish 180 Entry about 10 hours ago
Fell Below Previous Day's Low about 10 hours ago
Down 2 % about 10 hours ago
Down 1% about 10 hours ago
New 52 Week Low about 10 hours ago

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Profile

BYND Cannasoft Enterprises Inc Description

BYND Cannasoft Enterprises Inc. is a Canada-based software/cannabis company. The Company is a software house, which develops enterprise software tools that enable manufacturing and service companies to optimize their workforce management, customer service and asset management. The Company develops and markets customer relationship management (CRM) software products that enable small and medium sized enterprises (SMEs) to optimize day to day functions, such as sales management, workforce management, contact center operations and asset management through BYND - Beyond Solutions Ltd. (BYND Israel). BYND Israel offers a CRM software product known as Benefit CRM to its customers. BYND Israel also focuses on the development of a CRM software platform, designed specifically to serve the medical cannabis sector, which is known as New Cannabis CRM Platform. The Company is in a process of building its medical, indoor cannabis farm. It also offers delivery platform for companies.


Classification

Sector: Technology
Industry: Software - Infrastructure
Keywords: Software Asset Management CRM Customer Relationship Management Software Platform Business Software Cloud Applications Services Marketing Workforce Management Customer Relationship Management Software Sales Management Software Product

Is BCAN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 661.2
52 Week Low 0.605
Average Volume 1,717,611
200-Day Moving Average 69.56
50-Day Moving Average 0.86
20-Day Moving Average 0.69
10-Day Moving Average 0.67
Average True Range 0.11
RSI (14) 33.77
ADX 12.06
+DI 16.33
-DI 20.78
Chandelier Exit (Long, 3 ATRs) 0.53
Chandelier Exit (Short, 3 ATRs) 0.92
Upper Bollinger Bands 0.76
Lower Bollinger Band 0.62
Percent B (%b) 0.06
BandWidth 20.42
MACD Line -0.17
MACD Signal Line -0.22
MACD Histogram 0.0489
Fundamentals Value
Market Cap 26.79 Million
Num Shares 42.5 Million
EPS -0.08
Price-to-Earnings (P/E) Ratio -7.87
Price-to-Sales 8.60
Price-to-Book 0.19
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.68
Resistance 3 (R3) 0.68 0.66 0.67
Resistance 2 (R2) 0.66 0.65 0.66 0.67
Resistance 1 (R1) 0.64 0.64 0.63 0.65 0.67
Pivot Point 0.62 0.62 0.62 0.63 0.62
Support 1 (S1) 0.61 0.61 0.60 0.61 0.59
Support 2 (S2) 0.59 0.60 0.59 0.59
Support 3 (S3) 0.58 0.59 0.59
Support 4 (S4) 0.58