BEAM THERAPEUTICS INC (BEAM) Technical Analysis
NASDAQ:BEAM • US07373V1052
Current stock price
BEAM Technical Rating and Analysis
Taking everything into account, BEAM scores 0 out of 10 in our technical rating. BEAM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, BEAM is a bad performer in the overall market: 67% of all stocks are doing better.
- In the last month BEAM has a been trading in the 23.62 - 34.20 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.
- BEAM has an average volume of 1944640 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.
- BEAM is part of the Biotechnology industry. There are 519 other stocks in this industry, BEAM did better than 49% of them.
- BEAM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BEAM is lagging the market slightly.
BEAM Weekly and Daily overview Charts
BEAM Setup Rating and Analysis
BEAM has a poor technical rating and the quality of the setup is also only medium 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
BEAM Support and Resistance Analysis
17.74
When analyzing the support we notice one important area.
- Support @17.92 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @25.83 from a horizontal line in the daily time frame.
- Resistance @29.98 from a trend line in the daily time frame.
- Resistance @31.38 from a trend line in the weekly time frame.
- Resistance @32.40 from a horizontal line in the weekly time frame.
BEAM 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 | 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 | 33.07 | 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) | DOWN | NEGATIVE | The current price of BEAM is below a declining 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) | 37.84 | NEUTRAL | The RSI value for BEAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests BEAM has a negative trend. |
| Stochastics (14,3) | 8.52 | OVERSOLD | The low Stochastics value suggests BEAM may be oversold. |
| Average True Range in percent/ATR (20) | 7.02 | HIGH VOLATILITY | The high ATR as a percentage value for BEAM suggests high volalility. |
| Average Directional Index/ADX (14) | 11.55 | NEGATIVE | The low ADX value for BEAM suggests a weak or negative trend. |
BEAM Chart- and CandleStick Pattern Analysis
BEAM Technicals: Chart, Performance Metrics, Trend & Indicators
23.95
-1.22 (-4.85%)
BEAM THERAPEUTICS INC / BEAM TA FAQ
What is the ChartMill technical rating of BEAM THERAPEUTICS INC (BEAM) stock?
ChartMill assigns a technical rating of 0 / 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 37.8368. 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 -0.171583, 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.