BJDX Technical Analysis - BLUEJAY DIAGNOSTICS INC

Technical Rating and Analysis

Taking everything into account, BJDX scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BJDX was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, BJDX is a bad performer in the overall market: 96% of all stocks are doing better.

BJDX is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 75% of 191 stocks in the same industry do better.

BJDX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

BJDX has an average volume of 2145120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

In the last month BJDX has a been trading in the 1.27 - 1.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BLUEJAY DIAGNOSTICS INC / BJDX Weekly stock chart

BLUEJAY DIAGNOSTICS INC / BJDX Daily stock chart

Setup Rating and Analysis

The technical rating of BJDX 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.50

1.67

We can see 2 important resistance areas.

A resistance zone ranging from 1.58 to 1.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.65 from a trend 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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for BJDX is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BJDX is up.
ChartMill Relative Strength	4.14	NEGATIVE	BJDX has a low relative strength, it was outperformed by 95.86% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BJDX is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of BJDX is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BJDX is below a declining SMA(200).
Relative Strength Index/RSI (14)	54.12	NEUTRAL	The RSI value for BJDX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests BJDX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	65.59	NEUTRAL	The Stochastics value for BJDX is a neutral value.
Average True Range in percent/ATR (20)	5.31	HIGH VOLATILITY	The high ATR as a percentage value for BJDX suggests high volalility.
Average Directional Index/ADX (14)	23.72	NEUTRAL	The ADX value for BJDX suggests a possible start of a new trend.