BIODESIX INC (BDSX) Stock Technical Analysis
NASDAQ:BDSX - Nasdaq - US09075X1081 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to BDSX. Recently some decent action could be observed, but in the medium term time frame this is still negative. BDSX was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, BDSX is a bad performer in the overall market: 98% of all stocks are doing better.
BDSX is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry, of which 87% are performing better than BDSX.
BDSX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BDSX is lagging the market.
BDSX has an average volume of 8946310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BDSX has a been trading in the 0.27 - 0.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The technical rating of BDSX is bad and it also does not present a quality setup 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
0.27
0.42
When analyzing the support we can see 2 important areas.
- Support @0.34 from a horizontal line in the daily time frame.
- Support @0.27 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.41 from a trend line in the daily time frame.
- Resistance @0.42 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BDSX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BDSX is neutral. |
| ChartMill Relative Strength | 2.61 | NEGATIVE | BDSX has a low relative strength, it was outperformed by 97.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BDSX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BDSX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BDSX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.2 | NEUTRAL | The RSI value for BDSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BDSX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.52 | NEUTRAL | The Stochastics value for BDSX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.35 | HIGH VOLATILITY | The high ATR as a percentage value for BDSX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.89 | NEUTRAL | The ADX value for BDSX suggests a possible start of a new trend. |
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)
0.3632
+0.01 (+3.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg3.27%
1 Week-18.58%
2 Weeks13.75%
1 Month33.73%
3 Month-29.88%
6 Month-64.74%
12 Month-77.58%
2 Year-76.87%
3 Year-80.78%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%9.35%
ATR Inc10.61%
Range Today0.04
ADR(20)0.03
ADR(20)%9.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.61
Mansfield-6.68
10 Day High0.45
10 Day Low0.32
20 Day High0.45
20 Day Low0.27
52 Week High2.04
52 Week Low0.17
CS1 End0.34
CR1 Start0.41
Volume & EV
DER(3)-10.1%
DER(5)-10.41%
Volume471.20K
Volume Incr-13.2%
Vol(5)987.86K
Vol(50)8.95M