BIODESIX INC (BDSX) Stock Technical Analysis
NASDAQ:BDSX • US09075X2071
Overall BDSX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, BDSX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- BDSX is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry. BDSX outperforms 81% of them.
- BDSX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BDSX is lagging the market slightly.
- In the last month BDSX has a been trading in the 8.69 - 17.30 range, which is quite wide. It is currently trading near the high of this range.
- BDSX has an average volume of 1752280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that BDSX is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BDSX has an excellent technical rating, it does not present a decent entry opportunity 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
12.71
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.29 to 15.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.84 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 | UP | POSITIVE | The long term trend for BDSX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BDSX is up. |
| ChartMill Relative Strength | 89.29 | POSITIVE | BDSX has a high relative strength, it outperformed 89.29% 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) | UP | POSITIVE | The current price of BDSX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.71 | OVERBOUGHT | The high RSI value suggests BDSX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests BDSX has a positive trend. |
| Stochastics (14,3) | 81.66 | OVERBOUGHT | The high Stochastics value suggests BDSX may be overbought. |
| Average True Range in percent/ATR (20) | 9.61 | HIGH VOLATILITY | The high ATR as a percentage value for BDSX suggests high volalility. |
| Average Directional Index/ADX (14) | 43.66 | POSITIVE | The high ADX value value for BDSX suggests a strong trend. |
15.33
+1.11 (+7.81%)
BIODESIX INC / BDSX FAQ
Can you provide the ChartMill technical rating for BIODESIX INC?
ChartMill assigns a technical rating of 9 / 10 to BDSX.
What is the current trend direction of BIODESIX INC (BDSX) stock?
The current trend direction for BIODESIX INC (BDSX) is Bullish.
Can you provide the RSI signal for BIODESIX INC?
BIODESIX INC (BDSX) has an RSI value of 74.7069. This indicates that the stock is currently overbought.
What is the short term momentum for BDSX stock?
The short term momentum for BIODESIX INC (BDSX) is positive.
What is the support and resistance level for BDSX stock?
BIODESIX INC (BDSX) has a support level at 15.31. Check the full technical report for our detailed analysis of BDSX support and resistance levels.