BIOLASE INC (BIOL) Technical Analysis
NASDAQ:BIOL • US0909117022
Current stock price
BIOL Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to BIOL. BIOL 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.
- When comparing the yearly performance of all stocks, BIOL is a bad performer in the overall market: 98% of all stocks are doing better.
- BIOL is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, of which 83% are performing better than BIOL.
- BIOL is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so BIOL is lagging the market.
- In the last month BIOL has a been trading in the 0.09 - 0.20 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- BIOL has an average volume of 2394470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BIOL Weekly and Daily overview Charts
BIOL Setup Rating and Analysis
The technical rating of BIOL 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
BIOL Support and Resistance Analysis
0.13
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.19 from a horizontal line in the daily time frame.
BIOL 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 BIOL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BIOL is down. |
| ChartMill Relative Strength | 2.91 | NEGATIVE | BIOL has a low relative strength, it was outperformed by 97.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BIOL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BIOL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BIOL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.58 | NEUTRAL | The RSI value for BIOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BIOL has a negative trend. |
| Stochastics (14,3) | 20.09 | NEUTRAL | The Stochastics value for BIOL is a neutral value. |
| Average True Range in percent/ATR (20) | 14.9 | HIGH VOLATILITY | The high ATR as a percentage value for BIOL suggests high volalility. |
| Average Directional Index/ADX (14) | 27.56 | POSITIVE | The high ADX value value for BIOL suggests a strong trend. |
BIOL Chart- and CandleStick Pattern Analysis
BIOL Technicals: Chart, Performance Metrics, Trend & Indicators
0.129
-0.02 (-13.19%)
BIOLASE INC / BIOL TA FAQ
Can you provide the ChartMill technical rating for BIOLASE INC?
ChartMill assigns a technical rating of 0 / 10 to BIOL.
What is the current trend direction of BIOLASE INC (BIOL) stock?
The current trend direction for BIOLASE INC (BIOL) is Bearish.
What is the RSI signal for BIOLASE INC (BIOL) stock?
BIOLASE INC (BIOL) has an RSI value of 37.5849. This indicates that the stock is currently neutral.
What is the buy/sell signal for BIOLASE INC (BIOL) stock?
The buy/sell signal for BIOLASE INC (BIOL) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for BIOLASE INC?
BIOLASE INC (BIOL) has a resistance level at 0.16. Check the full technical report for our detailed analysis of BIOL support and resistance levels.