BIOLASE INC (BIOL) Stock Technical Analysis
NASDAQ:BIOL - Nasdaq - US0909117022 - Common Stock - Currency: USD
Overall BIOL gets a technical rating of 0 out of 10. BIOL'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, BIOL is a bad performer in the overall market: 98% of all stocks are doing better.
BIOL is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 87% of 188 stocks in the same industry do better.
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.
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
0.13
0.19
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.
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. |
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)
0.129
-0.02 (-13.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-13.19%
1 Week-17.31%
2 Weeks-18.04%
1 Month-19.73%
3 Month-28.05%
6 Month-88.88%
12 Month-98.35%
2 Year-99.97%
3 Year-99.99%
5 Year-100%
10 Year-100%
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%14.9%
ATR Inc172.22%
Range Today0.07
ADR(20)0.02
ADR(20)%14.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.91
Mansfield-9.44
10 Day High0.16
10 Day Low0.09
20 Day High0.2
20 Day Low0.09
52 Week High10.31
52 Week Low0.09
CS1 EndN/A
CR1 Start0.16
Volume & EV
DER(3)-0.37%
DER(5)-2.6%
Volume25.62M
Volume Incr120.28%
Vol(5)6.02M
Vol(50)2.39M