While this happened, Maxim Group initiated its Brand Engagement Network Inc [BNAI] rating to a Buy in a research note published on July 25, 2024; the price target was $6.
Price Performance Review of BNAI
On Friday, Brand Engagement Network Inc [NASDAQ:BNAI] saw its stock jump 2.76% to $0.41. Over the last five days, the stock has gained 8.27%. Brand Engagement Network Inc shares have fallen nearly -57.91% since the year began. Nevertheless, the stocks have fallen -96.13% over the past one year. While a 52-week high of $19.75 was reached on 01/02/25, a 52-week low of $0.33 was recorded on 01/30/25. SMA at 50 days reached $0.6965, while 200 days put it at $1.6160.
Levels Of Support And Resistance For BNAI Stock
The 24-hour chart illustrates a support level at 0.3375, which if violated will result in even more drops to 0.2651. On the upside, there is a resistance level at 0.5259. A further resistance level may holdings at 0.6419. The Relative Strength Index (RSI) on the 14-day chart is 32.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0499, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.35%. Stochastics %K at 19.50% indicates the stock is a buying.
How much short interest is there in Brand Engagement Network Inc?
A steep rise in short interest was recorded in Brand Engagement Network Inc stocks on 2024-10-31, dropping by 2607.0 shares to a total of 0.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.15 million shares. There was a decline of -1.73%, which implies that there is a negative sentiment for the stock.
