HEARTBEAM INC (BEAT) Stock Technical Analysis
NASDAQ:BEAT - Nasdaq - US42238H1086 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to BEAT. BEAT'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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
97% of all other stocks performed better in the past year than BEAT.
BEAT is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 80% are performing better than BEAT.
BEAT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BEAT has a been trading in the 0.91 - 1.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of BEAT is bad and it also does not present a 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.
More info and screens
1.02
2.43
We can see 6 important resistance areas.
- A resistance zone ranging from 1.03 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.22 from a trend line in the daily time frame.
- Resistance @1.37 from a trend line in the daily time frame.
- Resistance @1.44 from a trend line in the weekly time frame.
- Resistance @2.35 from a horizontal line in the weekly time frame.
- Resistance @2.41 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 BEAT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BEAT is neutral. |
| ChartMill Relative Strength | 3.62 | NEGATIVE | BEAT has a low relative strength, it was outperformed by 96.38% 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) | 40.14 | NEUTRAL | The RSI value for BEAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BEAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.58 | NEUTRAL | The Stochastics value for BEAT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.58 | HIGH VOLATILITY | The high ATR as a percentage value for BEAT suggests high volalility. |
| Average Directional Index/ADX (14) | 27.72 | POSITIVE | The high ADX value value for BEAT suggests a strong 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)
1.03
-0.08 (-7.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-7.21%
1 Week5.1%
2 Weeks0.98%
1 Month-18.9%
3 Month-33.55%
6 Month-51.64%
12 Month-55.02%
2 Year-50.72%
3 Year-19.53%
5 Year-97.78%
10 Year-89.73%
15 Year-82.66%
Volatility
ATR(14)0.12
ATR(20)%9.58%
ATR Inc37.05%
Range Today0.15
ADR(20)0.1
ADR(20)%9.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.62
Mansfield-5.34
10 Day High1.32
10 Day Low0.91
20 Day High1.32
20 Day Low0.91
52 Week High3.48
52 Week Low0.91
CS1 EndN/A
CR1 Start1.03
Volume & EV
DER(3)-6.68%
DER(5)-7.6%
Volume79.30K
Volume Incr152.25%
Vol(5)204.66K
Vol(50)125.36K