We assign a technical rating of 9 out of 10 to BEAM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BEAM is showing a nice and steady performance.
Although BEAM has an excellent technical rating, it does not offer a high 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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15.83
When analyzing the support we can see 6 important areas.
- A support zone ranging from 27.10 to 27.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 26.54 to 26.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.37 to 23.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.73 from a trend line in the daily time frame.
- Support @17.14 from a trend line in the weekly time frame.
- Support @15.99 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @27.96 from a horizontal line in the weekly time frame.
- Resistance @28.59 from a trend line in the daily time frame.
- Resistance @31.30 from a trend line in the weekly time frame.
- 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 | UP | POSITIVE | The long term trend for BEAM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BEAM is up. |
| ChartMill Relative Strength | 80.98 | POSITIVE | BEAM has a high relative strength, it outperformed 80.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BEAM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BEAM is above 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) | 59.26 | NEUTRAL | The RSI value for BEAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests BEAM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.46 | NEUTRAL | The Stochastics value for BEAM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.08 | HIGH VOLATILITY | The high ATR as a percentage value for BEAM suggests high volalility. |
| Average Directional Index/ADX (14) | 25.65 | POSITIVE | The high ADX value value for BEAM suggests a strong trend. |
27.36
-0.15 (-0.55%)
BEAM THERAPEUTICS INC / BEAM FAQ
What is the ChartMill technical rating of BEAM THERAPEUTICS INC (BEAM) stock?
ChartMill assigns a technical rating of 9 / 10 to BEAM.
What is the current trend direction of BEAM THERAPEUTICS INC (BEAM) stock?
The current trend direction for BEAM THERAPEUTICS INC (BEAM) is Bullish.
Can you provide the RSI signal for BEAM THERAPEUTICS INC?
BEAM THERAPEUTICS INC (BEAM) has an RSI value of 59.2552. This indicates that the stock is currently neutral.
What is the buy/sell signal for BEAM stock?
The buy/sell signal for BEAM THERAPEUTICS INC (BEAM) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for BEAM THERAPEUTICS INC (BEAM) stock?
BEAM THERAPEUTICS INC (BEAM) has a support level at 27.35 and a resistance level at 27.96. Check the full technical report for our detailed analysis of BEAM support and resistance levels.