HEARTBEAM INC (BEAT) Stock Technical Analysis
NASDAQ:BEAT • US42238H1086
We assign a technical rating of 2 out of 10 to BEAT. Although BEAT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- BEAT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- BEAT is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 90% of 184 stocks in the same industry.
- In the last month BEAT has a been trading in the 1.22 - 1.58 range, which is quite wide. It is currently trading near the high of this range.
- BEAT has an average volume of 3040380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, BEAT did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, BEAT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for BEAT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.39 to 1.41. 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 1.33 to 1.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @1.56 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 | DOWN | NEGATIVE | The short term trend for BEAT is down. |
| ChartMill Relative Strength | 87.47 | POSITIVE | BEAT has a high relative strength, it outperformed 87.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BEAT is above 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) | 47.33 | NEUTRAL | The RSI value for BEAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BEAT has a positive trend. |
| Stochastics (14,3) | 87.13 | OVERBOUGHT | The high Stochastics value suggests BEAT may be overbought. |
| Average True Range in percent/ATR (20) | 7.43 | HIGH VOLATILITY | The high ATR as a percentage value for BEAT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.31 | NEUTRAL | The ADX value for BEAT suggests a possible start of a new trend. |
1.51
-0.04 (-2.58%)
HEARTBEAM INC / BEAT FAQ
What is the technical rating for BEAT stock?
ChartMill assigns a technical rating of 2 / 10 to BEAT.
Can you provide the trend direction for HEARTBEAM INC?
The current trend direction for HEARTBEAM INC (BEAT) is Bearish.
What is the RSI signal for HEARTBEAM INC (BEAT) stock?
HEARTBEAM INC (BEAT) has an RSI value of 47.3263. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HEARTBEAM INC?
The MACD indicator for HEARTBEAM INC (BEAT) has a value of 0.0453226, indicating a bearish trend.
What is the buy/sell signal for BEAT stock?
The buy/sell signal for HEARTBEAM INC (BEAT) is sell as both the short term and long term trends are negative.