BEAM GLOBAL (BEEM) Technical Analysis
NASDAQ:BEEM • US07373B1098
Current stock price
BEEM Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to BEEM. In the last year, BEEM was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- BEEM 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.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month BEEM has a been trading in the 1.33 - 2.03 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the performance of all stocks over the past year, BEEM turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- BEEM is an average performer in the Electrical Equipment industry, it outperforms 53% of 92 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BEEM Weekly and Daily overview Charts
BEEM Setup Rating and Analysis
Although BEEM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
BEEM Support and Resistance Analysis
1.40
We found 1 important support area.
- Support @1.41 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.98 to 2.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
BEEM Technical Indicator Signal Analysis
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 BEEM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BEEM is up. |
| ChartMill Relative Strength | 69.19 | NEUTRAL | BEEM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BEEM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BEEM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BEEM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.36 | NEUTRAL | The RSI value for BEEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BEEM has a positive trend. |
| Stochastics (14,3) | 77.7 | NEUTRAL | The Stochastics value for BEEM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.78 | HIGH VOLATILITY | The high ATR as a percentage value for BEEM suggests high volalility. |
| Average Directional Index/ADX (14) | 18.67 | NEGATIVE | The low ADX value for BEEM suggests a weak or negative trend. |
BEEM Chart- and CandleStick Pattern Analysis
BEEM Technicals: Chart, Performance Metrics, Trend & Indicators
1.93
+0.13 (+7.22%)
BEAM GLOBAL / BEEM TA FAQ
Can you provide the ChartMill technical rating for BEAM GLOBAL?
ChartMill assigns a technical rating of 7 / 10 to BEEM.
What is the trend direction for BEEM stock?
The current trend direction for BEAM GLOBAL (BEEM) is Bearish.
What is the RSI signal for BEAM GLOBAL (BEEM) stock?
BEAM GLOBAL (BEEM) has an RSI value of 66.355. This indicates that the stock is currently neutral.
What is the short term momentum for BEAM GLOBAL (BEEM) stock?
The short term momentum for BEAM GLOBAL (BEEM) is positive.
Can you provide the support and resistance levels for BEAM GLOBAL?
BEAM GLOBAL (BEEM) has a support level at 1.41 and a resistance level at 1.98. Check the full technical report for our detailed analysis of BEEM support and resistance levels.