BERKELEY LIGHTS INC (BLI) Technical Analysis
NASDAQ:BLI • US0843101017
Current stock price
BLI Technical Rating and Analysis
Taking everything into account, BLI scores 0 out of 10 in our technical rating. BLI'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.
- 99% of all other stocks performed better in the past year than BLI.
- BLI is part of the Life Sciences Tools & Services industry. There are 56 other stocks in this industry, of which 92% are performing better than BLI.
- 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.
BLI Weekly and Daily overview Charts
BLI Setup Rating and Analysis
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.
More info and screens
BLI Support and Resistance Analysis
1.19
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.
BLI 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 BLI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLI is down. |
| ChartMill Relative Strength | 1.64 | NEGATIVE | BLI has a low relative strength, it was outperformed by 98.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.67 | NEUTRAL | The RSI value for BLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BLI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.8 | OVERSOLD | The low Stochastics value suggests BLI may be oversold. |
| Average True Range in percent/ATR (20) | 11.43 | HIGH VOLATILITY | The high ATR as a percentage value for BLI suggests high volalility. |
| Average Directional Index/ADX (14) | 28.47 | POSITIVE | The high ADX value value for BLI suggests a strong trend. |
BLI Chart- and CandleStick Pattern Analysis
BLI Technicals: Chart, Performance Metrics, Trend & Indicators
1.2
-0.07 (-5.88%)
BERKELEY LIGHTS INC / BLI TA FAQ
What is the technical rating for BLI stock?
ChartMill assigns a technical rating of 0 / 10 to BLI.
What is the trend direction for BLI stock?
The current trend direction for BERKELEY LIGHTS INC (BLI) is Bearish.
What is the RSI signal for BLI stock?
BERKELEY LIGHTS INC (BLI) has an RSI value of 32.6658. This indicates that the stock is currently neutral.
What is the short term momentum for BERKELEY LIGHTS INC (BLI) stock?
The short term momentum for BERKELEY LIGHTS INC (BLI) is negative.
Can you provide the support and resistance levels for BERKELEY LIGHTS INC?
BERKELEY LIGHTS INC (BLI) has a resistance level at 1.47. Check the full technical report for our detailed analysis of BLI support and resistance levels.