BEIGENE LTD-ADR (BGNE) Stock Technical Analysis
NASDAQ:BGNE • US07725L1026
Taking everything into account, BGNE scores 0 out of 10 in our technical rating. BGNE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 70% of all other stocks performed better in the past year than BGNE.
- BGNE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- BGNE is part of the Biotechnology industry. There are 521 other stocks in this industry, BGNE did better than 51% of them.
- BGNE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BGNE is lagging the market.
- Considerably lower volume is observed in the last couple of days.
BGNE 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
172.96
When analyzing the support we notice one important area.
- A support zone ranging from 174.71 to 180.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 184.72 to 186.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 193.10 to 198.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @243.01 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 BGNE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BGNE is down. |
| ChartMill Relative Strength | 30.16 | NEUTRAL | BGNE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BGNE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BGNE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BGNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.17 | NEUTRAL | The RSI value for BGNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.94 | POSITIVE | The MACD value suggests BGNE has a positive trend. |
| Stochastics (14,3) | 53 | NEUTRAL | The Stochastics value for BGNE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for BGNE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.72 | NEUTRAL | The ADX value for BGNE suggests a possible start of a new trend. |
184.71
+0.9 (+0.49%)
BEIGENE LTD-ADR / BGNE FAQ
What is the technical rating for BGNE stock?
ChartMill assigns a technical rating of 0 / 10 to BGNE.
Can you provide the trend direction for BEIGENE LTD-ADR?
The current trend direction for BEIGENE LTD-ADR (BGNE) is Bearish.
Can you provide the RSI signal for BEIGENE LTD-ADR?
BEIGENE LTD-ADR (BGNE) has an RSI value of 46.1724. This indicates that the stock is currently neutral.
What is the MACD signal for BGNE stock?
The MACD indicator for BEIGENE LTD-ADR (BGNE) has a value of 0.94187, indicating a bearish trend.
What is the buy/sell signal for BEIGENE LTD-ADR (BGNE) stock?
The buy/sell signal for BEIGENE LTD-ADR (BGNE) is sell as both the short term and long term trends are negative.