BIM Technical Analysis - BIOMERIEUX

Technical Rating and Analysis

Taking everything into account, BIM scores 0 out of 10 in our technical rating. BIM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

75% of all other stocks performed better in the past year than BIM.

BIM is an average performer in the Health Care Equipment & Supplies industry, it outperforms 62% of 63 stocks in the same industry.

BIM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BIM is lagging the market.

In the last month BIM has a been trading in the 107.00 - 116.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of BIM is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

107.42

118.37

When analyzing the support we notice one important area.

A support zone ranging from 108.50 to 110.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 111.78 to 113.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 116.60 to 117.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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 BIM.PA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BIM.PA is down.
ChartMill Relative Strength	25.23	NEGATIVE	BIM.PA has a low relative strength, it was outperformed by 74.77% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BIM.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BIM.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of BIM.PA is below the rising SMA(200).
Relative Strength Index/RSI (14)	39.67	NEUTRAL	The RSI value for BIM.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.26	NEGATIVE	The MACD value suggests BIM.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	28.52	NEUTRAL	The Stochastics value for BIM.PA is a neutral value.
Average True Range in percent/ATR (20)	1.77	LOW VOLATILITY	The low ATR as a percentage value for BIM.PA suggests low volalility.
Average Directional Index/ADX (14)	36.31	POSITIVE	The high ADX value value for BIM.PA suggests a strong trend.