Taking everything into account, BEAM scores 3 out of 10 in our technical rating. BEAM has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month BEAM has a been trading in the 24.30 - 36.44 range, which is quite wide. It is currently trading near the lows of this range.
- BEAM has an average volume of 1814120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, BEAM outperforms 59% of them, which is more or less in line with the market.
- BEAM is an average performer in the Biotechnology industry, it outperforms 59% of 524 stocks in the same industry.
- BEAM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BEAM is lagging the market.
The technical rating of BEAM 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
15.83
We found 4 important support areas.
- Support @26.51 from a horizontal line in the weekly time frame.
- A support zone ranging from 24.51 to 24.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @17.55 from a trend line in the weekly time frame.
- Support @15.99 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @33.14 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for BEAM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BEAM is down. |
| ChartMill Relative Strength | 59.92 | NEUTRAL | BEAM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BEAM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BEAM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BEAM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.68 | NEUTRAL | The RSI value for BEAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.77 | NEGATIVE | The MACD value suggests BEAM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.17 | OVERSOLD | The low Stochastics value suggests BEAM may be oversold. |
| Average True Range in percent/ATR (20) | 9.78 | HIGH VOLATILITY | The high ATR as a percentage value for BEAM suggests high volalility. |
| Average Directional Index/ADX (14) | 20.8 | NEUTRAL | The ADX value for BEAM suggests a possible start of a new trend. |
26.52
+1.79 (+7.24%)
BEAM THERAPEUTICS INC / BEAM FAQ
What is the ChartMill technical rating of BEAM THERAPEUTICS INC (BEAM) stock?
ChartMill assigns a technical rating of 3 / 10 to BEAM.
Can you provide the trend direction for BEAM THERAPEUTICS INC?
The current trend direction for BEAM THERAPEUTICS INC (BEAM) is Bearish.
Can you provide the RSI signal for BEAM THERAPEUTICS INC?
BEAM THERAPEUTICS INC (BEAM) has an RSI value of 42.6794. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BEAM THERAPEUTICS INC?
The MACD indicator for BEAM THERAPEUTICS INC (BEAM) has a value of -0.765121, indicating a bearish trend.
Can you provide the short term momentum for BEAM THERAPEUTICS INC?
The short term momentum for BEAM THERAPEUTICS INC (BEAM) is negative.