BJDX Technical Analysis - BLUEJAY DIAGNOSTICS INC

Technical Rating and Analysis

Overall BJDX gets a technical rating of 7 out of 10. Although BJDX has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.

BJDX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

BJDX is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 84% of 191 stocks in the same industry.

In the last month BJDX has a been trading in the 1.44 - 4.17 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

BJDX has an average volume of 5161480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

When comparing the yearly performance of all stocks, we notice that BJDX is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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

Although BJDX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.25

3.31

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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	85.88	POSITIVE	BJDX has a high relative strength, it outperformed 85.88% 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)	UP	POSITIVE	The current price of BJDX is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of BJDX is above a declining SMA(200).
Relative Strength Index/RSI (14)	81.53	OVERBOUGHT	The high RSI value suggests BJDX may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests BJDX has a positive trend.
Stochastics (14,3)	52.6	NEUTRAL	The Stochastics value for BJDX is a neutral value.
Average True Range in percent/ATR (20)	8.4	HIGH VOLATILITY	The high ATR as a percentage value for BJDX suggests high volalility.
Average Directional Index/ADX (14)	34.61	POSITIVE	The high ADX value value for BJDX suggests a strong trend.