BEAM THERAPEUTICS INC (BEAM) Stock Technical Analysis
NASDAQ:BEAM - Nasdaq - US07373V1052 - Common Stock - Currency: USD
Overall BEAM gets a technical rating of 0 out of 10. BEAM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
91% of all other stocks performed better in the past year than BEAM.
BEAM is currently trading in the lower part 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.
BEAM has an average volume of 2197790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BEAM is an average performer in the Biotechnology industry, it outperforms 40% of 559 stocks in the same industry.
In the last month BEAM has a been trading in the 15.35 - 19.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BEAM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 16.19, a Stop Loss order could be placed below this zone.
More info and screens
15.83
33.47
When analyzing the support we notice one important area.
- A support zone ranging from 15.99 to 16.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 17.25 to 17.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @18.23 from a trend line in the daily time frame.
- A resistance zone ranging from 18.58 to 18.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.87 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 | DOWN | NEGATIVE | The long term trend for BEAM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BEAM is neutral. |
| ChartMill Relative Strength | 9.28 | NEGATIVE | BEAM has a low relative strength, it was outperformed by 90.72% off all stocks 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) | DOWN | NEGATIVE | The current price of BEAM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.66 | NEUTRAL | The RSI value for BEAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests BEAM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.54 | NEUTRAL | The Stochastics value for BEAM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.65 | HIGH VOLATILITY | The high ATR as a percentage value for BEAM suggests high volalility. |
| Average Directional Index/ADX (14) | 11.14 | NEGATIVE | The low ADX value for BEAM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
17.06
-0.38 (-2.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.18%
1 Week-8.16%
2 Weeks7.77%
1 Month-1.1%
3 Month-29.59%
6 Month-38.92%
12 Month-31.4%
2 Year-46.57%
3 Year-55.93%
5 Year-39.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.03
ATR(20)%5.65%
ATR Inc-19.53%
Range Today0.69
ADR(20)0.92
ADR(20)%5.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.28
Mansfield-3.18
10 Day High19.45
10 Day Low15.68
20 Day High19.45
20 Day Low15.35
52 Week High35.25
52 Week Low13.53
CS1 End16.19
CR1 Start17.25
Volume & EV
DER(3)2.09%
DER(5)0.55%
Volume1.42M
Volume Incr-16.71%
Vol(5)1.49M
Vol(50)2.20M