We assign a technical rating of 7 out of 10 to BIOS. Although BIOS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- When comparing the performance of all stocks over the past year, BIOS turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- BIOS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BIOS is lagging the market.
- In the last month BIOS has a been trading in a tight range between 10.77 and 10.84.
- Considerably lower volume is observed in the last couple of days.
BIOS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
9.78
3 important support areas can be observed.
- A support zone ranging from 10.63 to 10.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.39 from a horizontal line in the daily time frame.
- A support zone ranging from 9.88 to 9.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.81 to 10.85. 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 | UP | POSITIVE | The long term trend for BIOS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIOS is up. |
| ChartMill Relative Strength | 69.38 | NEUTRAL | BIOS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BIOS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIOS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIOS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.1 | NEUTRAL | The RSI value for BIOS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BIOS has a negative trend. |
| Stochastics (14,3) | 25.06 | NEUTRAL | The Stochastics value for BIOS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for BIOS suggests low volalility. |
| Average Directional Index/ADX (14) | 66.52 | POSITIVE | The high ADX value value for BIOS suggests a strong trend. |
10.795
-0.01 (-0.05%)
BIOPLUS ACQUISITION CORP-A / BIOS FAQ
What is the ChartMill technical rating of BIOPLUS ACQUISITION CORP-A (BIOS) stock?
ChartMill assigns a technical rating of 7 / 10 to BIOS.
What is the current trend direction of BIOPLUS ACQUISITION CORP-A (BIOS) stock?
The current trend direction for BIOPLUS ACQUISITION CORP-A (BIOS) is Bullish.
Can you provide the RSI signal for BIOPLUS ACQUISITION CORP-A?
BIOPLUS ACQUISITION CORP-A (BIOS) has an RSI value of 51.1034. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BIOPLUS ACQUISITION CORP-A?
The MACD indicator for BIOPLUS ACQUISITION CORP-A (BIOS) has a value of -0.00733877, indicating a bearish trend.
Can you provide the support and resistance levels for BIOPLUS ACQUISITION CORP-A?
BIOPLUS ACQUISITION CORP-A (BIOS) has a support level at 10.75 and a resistance level at 10.81. Check the full technical report for our detailed analysis of BIOS support and resistance levels.