BDSX Technical Analysis - BIODESIX INC

Technical Rating and Analysis

Taking everything into account, BDSX scores 2 out of 10 in our technical rating. BDSX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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: 92% of all stocks are doing better.

BDSX is one of the lesser performing stocks in the Health Care Providers & Services industry. 75% of 101 stocks in the same industry do better.

BDSX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month BDSX has a been trading in the 0.35 - 0.54 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

BDSX has an average volume of 3116630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.30

0.39

We found 1 important support area.

Support @0.30 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 0.39 to 0.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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	8.63	NEGATIVE	BDSX has a low relative strength, it was outperformed by 91.37% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BDSX is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BDSX is below 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)	43.49	NEUTRAL	The RSI value for BDSX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests BDSX has a negative trend.
Stochastics (14,3)	41.17	NEUTRAL	The Stochastics value for BDSX is a neutral value.
Average True Range in percent/ATR (20)	13.43	HIGH VOLATILITY	The high ATR as a percentage value for BDSX suggests high volalility.
Average Directional Index/ADX (14)	34.75	POSITIVE	The high ADX value value for BDSX suggests a strong trend.