HEARTBEAM INC (BEAT) Stock Technical Analysis
NASDAQ:BEAT - Nasdaq - US42238H1086 - Common Stock - Currency: USD
Overall BEAT gets a technical rating of 0 out of 10. BEAT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
When comparing the yearly performance of all stocks, BEAT is a bad performer in the overall market: 90% of all stocks are doing better.
BEAT is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 67% are performing better than BEAT.
BEAT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BEAT is lagging the market.
In the last month BEAT has a been trading in the 1.48 - 1.90 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, BEAT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.52, a Stop Loss order could be placed below this zone.
More info and screens
1.49
2.03
We found 1 important support area.
- A support zone ranging from 1.50 to 1.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.68 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.77 from a trend line in the daily time frame.
- Resistance @1.81 from a horizontal line in the daily time frame.
- Resistance @2.01 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for BEAT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BEAT is neutral. |
| ChartMill Relative Strength | 10.64 | NEGATIVE | BEAT has a low relative strength, it was outperformed by 89.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BEAT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BEAT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BEAT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.26 | NEUTRAL | The RSI value for BEAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BEAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.75 | NEUTRAL | The Stochastics value for BEAT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.45 | HIGH VOLATILITY | The high ATR as a percentage value for BEAT suggests high volalility. |
| Average Directional Index/ADX (14) | 14.21 | NEGATIVE | The low ADX value for BEAT 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)
1.58
+0.03 (+1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.94%
1 Week1.28%
2 Weeks-5.95%
1 Month-4.82%
3 Month-20.2%
6 Month-34.98%
12 Month-34.17%
2 Year-34.44%
3 Year22.48%
5 Year-95.99%
10 Year-81.17%
15 Year-73.27%
Volatility
ATR(14)0.14
ATR(20)%8.45%
ATR Inc0.03%
Range Today0.09
ADR(20)0.13
ADR(20)%8.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.64
Mansfield-3.16
10 Day High1.76
10 Day Low1.48
20 Day High1.9
20 Day Low1.48
52 Week High3.48
52 Week Low1.45
CS1 End1.52
CR1 Start1.68
Volume & EV
DER(3)-7.22%
DER(5)-4.93%
Volume110.40K
Volume Incr115.34%
Vol(5)219.68K
Vol(50)90.22K