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BERKELEY LIGHTS INC (BLI) Stock Technical Analysis

NASDAQ:BLI - Nasdaq - US0843101017 - Common Stock - Currency: USD

1.2  -0.07 (-5.88%)

After market: 1.21 +0.01 (+0.83%)

Technical Rating and Analysis

0

Overall BLI gets a technical rating of 0 out of 10. BLI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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, BLI is a bad performer in the overall market: 99% of all stocks are doing better.
BLI is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 92% of 55 stocks in the same industry do better.
BLI 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 BLI is lagging the market.
In the last month BLI has a been trading in the 1.14 - 1.90 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.
Weekly and Daily overview Charts
BERKELEY LIGHTS INC / BLI Weekly stock chart
BERKELEY LIGHTS INC / BLI Daily stock chart
Setup Rating and Analysis

3

The technical rating of BLI 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.

Support and Resistance Analysis

1.19

1.75

We can see 2 important resistance areas.

  • A resistance zone ranging from 1.47 to 1.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @1.73 from a trend line in the daily time frame.
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 BLI is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for BLI is down.
ChartMill Relative Strength1.64NEGATIVEBLI has a low relative strength, it was outperformed by 98.36% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of BLI is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of BLI is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of BLI is below a declining SMA(200).
Relative Strength Index/RSI (14)32.67NEUTRALThe RSI value for BLI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests BLI has a negative trend, although the MACD value is rising.
Stochastics (14,3)8.8OVERSOLDThe low Stochastics value suggests BLI may be oversold.
Average True Range in percent/ATR (20)11.43HIGH VOLATILITYThe high ATR as a percentage value for BLI suggests high volalility.
Average Directional Index/ADX (14)28.47POSITIVEThe high ADX value value for BLI 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)
BERKELEY LIGHTS INC / BLI Daily stock chart

BERKELEY LIGHTS INC

NASDAQ:BLI (3/21/2023, 8:00:01 PM)

After market: 1.21 +0.01 (+0.83%)

1.2

-0.07 (-5.88%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-5.88%
1 Week-9.09%
2 Weeks-22.08%
1 Month-27.71%
3 Month-59.87%
6 Month-60%
12 Month-82.27%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%11.43%
ATR Inc-1.62%
Range Today0.16
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.64
Mansfield-6.64
10 Day High1.53
10 Day Low1.14
20 Day High1.9
20 Day Low1.14
52 Week High7.79
52 Week Low1.14
CS1 EndN/A
CR1 Start1.47
Volume & EV
DER(3)0.11%
DER(5)1.32%
Volume2.29M
Volume Incr5.48%
Vol(5)922.68K
Vol(50)866.89K