HEARTBEAM INC (BEAT)       4.83  +0.01 (+0.21%)

4.83  +0.01 (+0.21%)

US42238H1086 - Common Stock - After market: 4.75 -0.08 (-1.66%)

Technical Rating

8

Taking everything into account, BEAT scores 8 out of 10 in our technical rating. Although BEAT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



Both the short term and long term trends are positive. This is a very positive sign.
BEAT is part of the Health Care Equipment & Supplies industry. There are 222 other stocks in this industry. BEAT outperforms 99% of them.
In the last month BEAT has a been trading in the 3.04 - 5.15 range, which is quite wide. It is currently trading near the high of this range.
BEAT has an average volume of 1841340 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 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
BEAT is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.

Statistics

1 Month 3 Months 6 Months 12 Months 19.26% 263.16% 242.55% 26.77% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 99.71 1.12 - 6.74
BEAT Weekly chart
BEAT Daily chart

Support/Resistance Analysis


3.54

5.10
We found 4 important support areas.
  • A support zone ranging from 4.59 to 4.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @4.25 from a horizontal line in the daily time frame.
  • A support zone ranging from 3.71 to 3.71. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
  • Support @3.58 from a trend line in the daily time frame.
We can see 2 important resistance areas.
  • A resistance zone ranging from 4.84 to 4.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @5.05 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

5

Although BEAT has an excellent technical rating, the quality of the presented setup is not ideal 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.


BEAT Daily chart

HEARTBEAM INC4.83

NASDAQ:BEAT (12/6/2022, 6:29:32 PM)+0.01 (+0.21%)

After market: 4.75 -0.08 (-1.66%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Health Care Equipment & Supplies
Performance
Today 0.21% 1 Week 9.77%
2 Weeks 19.55% 1 Month 19.26%
3 Month 263.16% 6 Month 242.55%
Volatility
ATR(14) 0.5 ATR(20)% 9.72%
ATR Inc -34.96% Range Today 0.33
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 99.71 Mansfield 11.85
10 Day High 5.15 10 Day Low 3.85
20 Day High 5.15 20 Day Low 3.04
52 Week High 6.74 52 Week Low 1.12
CS1 End 4.67 CR1 Start 4.84
Volume & EV
DER(3) -2.78% DER(5) -6.92%
Volume 171.40K Volume Incr -63.74%
Vol(5) 145.20K Vol(50) 1.84M

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