BEIGENE LTD-ADR (BGNE) Stock Technical Analysis
USA - NASDAQ:BGNE - US07725L1026 - ADR
We assign a technical rating of 0 out of 10 to BGNE. 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.
BGNE has a poor technical rating and the quality of the setup is also only medium 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
We found 1 important support 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.
When analyzing the resistance we notice 3 important areas.
- 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.
What is the trend direction for BGNE stock?
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.
Can you provide the support and resistance levels for BEIGENE LTD-ADR?
BEIGENE LTD-ADR (BGNE) has a support level at 180.06 and a resistance level at 184.72. Check the full technical report for our detailed analysis of BGNE support and resistance levels.