BEEM Technical Analysis - BEAM GLOBAL

Technical Rating and Analysis

Taking everything into account, BEEM scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, BEEM has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

BEEM has an average volume of 1001630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that BEEM is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

BEEM is an average performer in the Electrical Equipment industry, it outperforms 48% of 92 stocks in the same industry.

BEEM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BEEM is lagging the market.

In the last month BEEM has a been trading in the 2.22 - 3.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although BEEM has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.40

3.11

When analyzing the support we can see 3 important areas.

Support @2.46 from a trend line in the daily time frame.
Support @1.51 from a trend line in the daily time frame.
Support @1.41 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @3.08 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for BEEM is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BEEM is up.
ChartMill Relative Strength	81.48	POSITIVE	BEEM has a high relative strength, it outperformed 81.48% off all stocks 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)	DOWN	MIXED	The current price of BEEM is above a declining SMA(200).
Relative Strength Index/RSI (14)	60.27	NEUTRAL	The RSI value for BEEM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests BEEM has a positive trend.
Stochastics (14,3)	68.17	NEUTRAL	The Stochastics value for BEEM is a neutral value.
Average True Range in percent/ATR (20)	7.77	HIGH VOLATILITY	The high ATR as a percentage value for BEEM suggests high volalility.
Average Directional Index/ADX (14)	16.46	NEGATIVE	The low ADX value for BEEM suggests a weak or negative trend.