BEIGENE LTD-ADR (BGNE) Technical Analysis
NASDAQ:BGNE • US07725L1026
Current stock price
BGNE Technical Rating and Analysis
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 part of the Biotechnology industry. There are 517 other stocks in this industry, BGNE did better than 41% of them.
- 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 Weekly and Daily overview Charts
BGNE Setup Rating and Analysis
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
BGNE Support and Resistance Analysis
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.
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.
BGNE Technical Indicator Signal Analysis
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. |
BGNE Chart- and CandleStick Pattern Analysis
BGNE Technicals: Chart, Performance Metrics, Trend & Indicators
184.71
+0.9 (+0.49%)
BEIGENE LTD-ADR / BGNE TA FAQ
What is the technical rating for BGNE stock?
ChartMill assigns a technical rating of 0 / 10 to BGNE.
What is the current trend direction of BEIGENE LTD-ADR (BGNE) stock?
The current trend direction for BEIGENE LTD-ADR (BGNE) is Bearish.
What is the RSI signal for BGNE stock?
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 BEIGENE LTD-ADR (BGNE) stock?
The MACD indicator for BEIGENE LTD-ADR (BGNE) has a value of 0.94187, indicating a bearish trend.
Can you provide the short term momentum for BEIGENE LTD-ADR?
The short term momentum for BEIGENE LTD-ADR (BGNE) is negative.