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BIOLASE INC (BIOL) Stock Technical Analysis

USA - NASDAQ:BIOL - US0909117022 - Common Stock

0.129 USD
-0.02 (-13.19%)
Last: 6/18/2024, 8:15:46 PM
0.109 USD
-0.02 (-15.5%)
After Hours: 6/18/2024, 8:15:46 PM
Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to BIOL. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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 189 other stocks in this industry, of which 82% are performing better than BIOL.
BIOL is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
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.

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Weekly and Daily overview Charts
BIOLASE INC / BIOL Weekly stock chart
BIOLASE INC / BIOL Daily stock chart
Setup Rating and Analysis

3

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.

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Support and Resistance Analysis

0.13

0.19

We can see 2 important resistance 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.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for BIOL is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for BIOL is down.
ChartMill Relative Strength2.91NEGATIVEBIOL has a low relative strength, it was outperformed by 97.09% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of BIOL is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of BIOL is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of BIOL is below a declining SMA(200).
Relative Strength Index/RSI (14)37.58NEUTRALThe RSI value for BIOL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests BIOL has a negative trend.
Stochastics (14,3)20.09NEUTRALThe Stochastics value for BIOL is a neutral value.
Average True Range in percent/ATR (20)14.9HIGH VOLATILITYThe high ATR as a percentage value for BIOL suggests high volalility.
Average Directional Index/ADX (14)27.56POSITIVEThe high ADX value value for BIOL suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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BIOLASE INC / BIOL Daily stock chart

BIOLASE INC

NASDAQ:BIOL (6/18/2024, 8:15:46 PM)

After market: 0.109 -0.02 (-15.5%)

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
3 months CRSN/A
6 months CRSN/A
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

BIOLASE INC / BIOL FAQ

What is the technical rating for BIOL stock?

ChartMill assigns a technical rating of 0 / 10 to BIOL.


Can you provide the trend direction for BIOLASE INC?

The current trend direction for BIOLASE INC (BIOL) is Bearish.


What is the RSI signal for BIOL stock?

BIOLASE INC (BIOL) has an RSI value of 37.5849. This indicates that the stock is currently neutral.


What is the short term momentum for BIOL stock?

The short term momentum for BIOLASE INC (BIOL) is negative.


What is the buy/sell signal for BIOL stock?

The buy/sell signal for BIOLASE INC (BIOL) is sell as both the short term and long term trends are negative.