BIONEXUS GENE LAB CORP (BGLC) Stock Technical Analysis
NASDAQ:BGLC - Nasdaq - US0906283066 - Common Stock - Currency: USD
Overall BGLC gets a technical rating of 8 out of 10. BGLC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
BGLC is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry. BGLC outperforms 95% of them.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BGLC has an average volume of 1165920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BGLC did better than 96% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
BGLC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BGLC is lagging the market.
In the last month BGLC has a been trading in the 2.60 - 15.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although BGLC has an excellent technical rating, it does not present a decent entry opportunity 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
2.63
6.49
When analyzing the support we notice one important area.
- Support @2.66 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 BGLC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BGLC is up. |
| ChartMill Relative Strength | 96.75 | POSITIVE | BGLC has a high relative strength, it outperformed 96.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BGLC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BGLC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BGLC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.18 | NEUTRAL | The RSI value for BGLC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests BGLC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.54 | NEUTRAL | The Stochastics value for BGLC is a neutral value. |
| Average True Range in percent/ATR (20) | 18.91 | HIGH VOLATILITY | The high ATR as a percentage value for BGLC suggests high volalility. |
| Average Directional Index/ADX (14) | 28.66 | POSITIVE | The high ADX value value for BGLC 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)
6.43
-0.39 (-5.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-5.72%
1 Week137.27%
2 Weeks119.45%
1 Month96.04%
3 Month174.08%
6 Month39.57%
12 Month38.61%
2 Year-71.17%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.66
ATR(20)%18.91%
ATR Inc238.77%
Range Today2.12
ADR(20)0.73
ADR(20)%11.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.75
Mansfield6.6
10 Day High15.6
10 Day Low2.6
20 Day High15.6
20 Day Low2.6
52 Week High15.6
52 Week Low2.01
CS1 End2.66
CR1 StartN/A
Volume & EV
DER(3)-0.19%
DER(5)8.48%
Volume932.00K
Volume Incr12217.08%
Vol(5)10.84M
Vol(50)1.17M