HEARTBEAM INC (BEAT) Stock Technical Analysis
USA - NASDAQ:BEAT - US42238H1086 - Common Stock
1.57 USD
-0.07 (-4.27%)
1.54 USD
-0.03 (-1.91%)
We assign a technical rating of 3 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.
When comparing the yearly performance of all stocks, BEAT is a bad performer in the overall market: 76% of all stocks are doing better.
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.
In the last month BEAT has a been trading in the 1.54 - 2.02 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
BEAT is an average performer in the Health Care Equipment & Supplies industry, it outperforms 55% of 190 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
BEAT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
1.52
2.03
We found 1 important support area.
- A support zone ranging from 1.54 to 1.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.71 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.79 from a horizontal line in the daily time frame.
- Resistance @1.86 from a trend line in the weekly time frame.
- Resistance @1.91 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for BEAT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BEAT is neutral. |
| ChartMill Relative Strength | 24.08 | NEGATIVE | BEAT has a low relative strength, it was outperformed by 75.92% 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) | UP | POSITIVE | The current price of BEAT is above the rising 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) | 44.72 | NEUTRAL | The RSI value for BEAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BEAT has a negative trend. |
| Stochastics (14,3) | 8.56 | OVERSOLD | The low Stochastics value suggests BEAT may be oversold. |
| Average True Range in percent/ATR (20) | 8.1 | HIGH VOLATILITY | The high ATR as a percentage value for BEAT suggests high volalility. |
| Average Directional Index/ADX (14) | 32.27 | 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)
1.57
-0.07 (-4.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-4.27%
1 Week-11.3%
2 Weeks-12.78%
1 Month-3.68%
3 Month23.62%
6 Month-21.11%
12 Month-35.39%
2 Year26.61%
3 Year-52.85%
5 Year-96.32%
10 Year-83.73%
15 Year-73.79%
Volatility
ATR(14)0.14
ATR(20)%8.1%
ATR Inc-21.79%
Range Today0.12
ADR(20)0.13
ADR(20)%8.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.08
3 months CRS88.87
6 months CRS8.9
Mansfield-2.46
10 Day High1.89
10 Day Low1.54
20 Day High2.03
20 Day Low1.54
52 Week High3.48
52 Week Low0.91
CS1 End1.56
CR1 Start1.71
Volume & EV
DER(3)17.17%
DER(5)9.6%
Volume69.10K
Volume Incr-51.46%
Vol(5)49.30K
Vol(50)93.76K