BEAM GLOBAL (BEEM) Stock Technical Analysis
NASDAQ:BEEM • US07373B1098
We assign a technical rating of 0 out of 10 to BEEM. BEEM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 90% of all other stocks performed better in the past year than BEEM.
- BEEM is part of the Electrical Equipment industry. There are 91 other stocks in this industry, of which 71% are performing better than BEEM.
- BEEM 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 BEEM has a been trading in the 1.37 - 1.95 range, which is quite wide. It is currently trading near the lows of this range.
- BEEM has an average volume of 1615770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
BEEM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.41, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BEEM 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
1.39
We found 1 important support area.
- A support zone ranging from 1.40 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.46 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.53 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.81 from a trend line in the daily time frame.
- Resistance @2.40 from a trend 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 BEEM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BEEM is down. |
| ChartMill Relative Strength | 10.91 | NEGATIVE | BEEM has a low relative strength, it was outperformed by 89.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BEEM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BEEM is below a declining 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) | 41.03 | NEUTRAL | The RSI value for BEEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BEEM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 33.47 | NEUTRAL | The Stochastics value for BEEM is a neutral value. |
| Average True Range in percent/ATR (20) | 8.13 | HIGH VOLATILITY | The high ATR as a percentage value for BEEM suggests high volalility. |
| Average Directional Index/ADX (14) | 14.11 | NEGATIVE | The low ADX value for BEEM suggests a weak or negative trend. |
1.43
-0.05 (-3.38%)
BEAM GLOBAL / BEEM FAQ
Can you provide the ChartMill technical rating for BEAM GLOBAL?
ChartMill assigns a technical rating of 0 / 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 BEEM stock?
BEAM GLOBAL (BEEM) has an RSI value of 41.032. 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 negative.
What is the buy/sell signal for BEEM stock?
The buy/sell signal for BEAM GLOBAL (BEEM) is sell as both the short term and long term trends are negative.