BEIGENE LTD-ADR (BGNE) Stock Technical Analysis
NASDAQ:BGNE - Nasdaq - US07725L1026 - ADR - Currency: USD
Overall BGNE gets a technical rating of 0 out of 10. BGNE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BGNE is a bad performer in the overall market: 70% of all stocks are doing better.
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 an average performer in the Biotechnology industry, it outperforms 67% of 558 stocks in the same industry.
BGNE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BGNE is lagging the market slightly.
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 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
245.44
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. |
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)
184.71
+0.9 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.49%
1 Week3.94%
2 Weeks4.75%
1 Month-10.23%
3 Month-24.93%
6 Month25.62%
12 Month11.69%
2 Year-16.02%
3 Year-31.82%
5 Year11.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.72
ATR(20)%3.38%
ATR Inc-27.98%
Range Today3.51
ADR(20)5.43
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.16
Mansfield-0.35
10 Day High187.42
10 Day Low170.99
20 Day High211
20 Day Low170.99
52 Week High248.16
52 Week Low126.97
CS1 End180.06
CR1 Start184.72
Volume & EV
DER(3)-1.8%
DER(5)-1.33%
Volume331.60K
Volume Incr-60.44%
Vol(5)198.46K
Vol(50)362.64K