Technical Analysis for BU - Burcon NutraScience Corporation

Grade Last Price % Change Price Change
C 0.210 -4.55% -0.010
BU closed down 4.35 percent on Thursday, April 18, 2024, on 1.28 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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 Up Down Down

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish -4.55%
MACD Bearish Centerline Cross Bearish -4.55%
Hammer Candlestick Bullish -4.55%
Lizard Bullish Bullish Day Trade Setup -4.55%
Doji - Bullish? Reversal -4.55%
Wide Bands Range Expansion -4.55%
Gapped Down Weakness -4.55%
Lower Bollinger Band Touch Weakness -4.55%
Oversold Stochastic Weakness -4.55%
Crossed Above 50 DMA Bullish -8.70%

   Recent Intraday Alerts

Alert Time
Gap Down Partially Closed about 2 hours ago
Down 3% about 2 hours ago
Gapped Down (Partial) about 3 hours ago
Down 2% about 3 hours ago
Down 1% about 3 hours ago

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Profile

Burcon NutraScience Corporation Description

Burcon NutraScience Corp (Burcon) is a Canada-based company, which is engaged in development of functional and renewable plant proteins. The Company has developed a portfolio of composition, application and process patents originating from a core protein extraction and purification technology. The Company and its subsidiary have developed CLARISOY, a soy protein; and are developing Peazazz, a pea protein, and Puratein, Supertein and Nutratein, approximately three canola protein isolates. The Company's products are targeted at the protein ingredient market and are particularly suited to health and wellness applications. The CLARISOY portfolio includes CLARISOY 100, 110, 120 and 150 for low potential of Hydrogen (pH) applications, and CLARISOY 170 and 180 for neutral applications. Peazazz is well-suited for use in low pH and neutral pH beverages, dairy alternative products, meal replacements, as well as a range of other healthy food and beverage product applications.


Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Health Food Cement Biotechnology Beverage Extraction Science Hydrogen Wellness Dietary Supplements Proteins Product Applications Rosids

Is BU 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 0.35
52 Week Low 0.1
Average Volume 47,804
200-Day Moving Average 0.183
50-Day Moving Average 0.231
20-Day Moving Average 0.272
10-Day Moving Average 0.250
Average True Range 0.019
RSI (14) 40.48
ADX 23.14
+DI 16.784
-DI 36.414
Chandelier Exit (Long, 3 ATRs) 0.292
Chandelier Exit (Short, 3 ATRs) 0.258
Upper Bollinger Bands 0.340
Lower Bollinger Band 0.204
Percent B (%b) 0.12
BandWidth 50.258
MACD Line -0.001
MACD Signal Line 0.008
MACD Histogram -0.0094
Fundamentals Value
Market Cap 23.37 Million
Num Shares 106 Million
EPS 0.00
Price-to-Earnings (P/E) Ratio 55.00
Price-to-Sales 13862.35
Price-to-Book 7.51
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.250
Resistance 3 (R3) 0.247 0.233 0.245
Resistance 2 (R2) 0.233 0.226 0.235 0.243
Resistance 1 (R1) 0.227 0.221 0.230 0.230 0.242
Pivot Point 0.213 0.213 0.215 0.215 0.213
Support 1 (S1) 0.207 0.206 0.210 0.210 0.198
Support 2 (S2) 0.193 0.201 0.195 0.197
Support 3 (S3) 0.187 0.193 0.195
Support 4 (S4) 0.190