Overall BEEM gets a technical rating of 0 out of 10. 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.
BEEM has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
1.68
When analyzing the support we can see 2 important areas.
- Support @1.76 from a trend line in the weekly time frame.
- A support zone ranging from 1.70 to 1.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @1.98 from a horizontal line in the daily time frame.
- Resistance @2.92 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 | 11.6 | NEGATIVE | BEEM has a low relative strength, it was outperformed by 88.4% 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) | DOWN | NEGATIVE | The current price of BEEM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.26 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 72.89 | NEUTRAL | The Stochastics value for BEEM is a neutral value. |
| Average True Range in percent/ATR (20) | 8.63 | HIGH VOLATILITY | The high ATR as a percentage value for BEEM suggests high volalility. |
| Average Directional Index/ADX (14) | 37.37 | POSITIVE | The high ADX value value for BEEM suggests a strong trend. |
1.84
-0.06 (-3.16%)
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 current trend direction of BEAM GLOBAL (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 40.2637. 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 support and resistance level for BEEM stock?
BEAM GLOBAL (BEEM) has a support level at 1.76 and a resistance level at 1.98. Check the full technical report for our detailed analysis of BEEM support and resistance levels.