BIMI INTERNATIONAL MEDICAL I (BIMI) Stock Technical Analysis
USA - NASDAQ:BIMI - US05552Q3011 - Common Stock
Overall BIMI gets a technical rating of 0 out of 10. BIMI'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 technical rating of BIMI 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.
More info and screens
0.31
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.32 to 0.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 BIMI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BIMI is down. |
| ChartMill Relative Strength | 0.88 | NEGATIVE | BIMI has a low relative strength, it was outperformed by 99.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BIMI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BIMI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BIMI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.76 | NEUTRAL | The RSI value for BIMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BIMI has a positive trend. |
| Stochastics (14,3) | 42.82 | NEUTRAL | The Stochastics value for BIMI is a neutral value. |
| Average True Range in percent/ATR (20) | 42.31 | HIGH VOLATILITY | The high ATR as a percentage value for BIMI suggests high volalility. |
| Average Directional Index/ADX (14) | 36.88 | POSITIVE | The high ADX value value for BIMI suggests a strong trend. |
0.31
-0.17 (-35.42%)
BIMI INTERNATIONAL MEDICAL I / BIMI FAQ
Can you provide the ChartMill technical rating for BIMI INTERNATIONAL MEDICAL I?
ChartMill assigns a technical rating of 0 / 10 to BIMI.
What is the trend direction for BIMI stock?
The current trend direction for BIMI INTERNATIONAL MEDICAL I (BIMI) is Bearish.
What is the RSI signal for BIMI INTERNATIONAL MEDICAL I (BIMI) stock?
BIMI INTERNATIONAL MEDICAL I (BIMI) has an RSI value of 32.7583. This indicates that the stock is currently neutral.
What is the buy/sell signal for BIMI stock?
The buy/sell signal for BIMI INTERNATIONAL MEDICAL I (BIMI) is sell as both the short term and long term trends are negative.
What is the support and resistance level for BIMI stock?
BIMI INTERNATIONAL MEDICAL I (BIMI) has a resistance level at 0.32. Check the full technical report for our detailed analysis of BIMI support and resistance levels.