We assign a technical rating of 0 out of 10 to BLRX. BLRX'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.
The technical rating of BLRX 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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2.95
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.39 to 3.58. 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 | DOWN | NEGATIVE | The long term trend for BLRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLRX is down. |
| ChartMill Relative Strength | 7.02 | NEGATIVE | BLRX has a low relative strength, it was outperformed by 92.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.68 | NEUTRAL | The RSI value for BLRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BLRX has a negative trend. |
| Stochastics (14,3) | 8.03 | OVERSOLD | The low Stochastics value suggests BLRX may be oversold. |
| Average True Range in percent/ATR (20) | 7.83 | HIGH VOLATILITY | The high ATR as a percentage value for BLRX suggests high volalility. |
| Average Directional Index/ADX (14) | 22.1 | NEUTRAL | The ADX value for BLRX suggests a possible start of a new trend. |
2.98
-0.03 (-1%)
BIOLINERX LTD-SPONS ADR / BLRX FAQ
Can you provide the ChartMill technical rating for BIOLINERX LTD-SPONS ADR?
ChartMill assigns a technical rating of 0 / 10 to BLRX.
What is the trend direction for BLRX stock?
The current trend direction for BIOLINERX LTD-SPONS ADR (BLRX) is Bearish.
What is the RSI signal for BLRX stock?
BIOLINERX LTD-SPONS ADR (BLRX) has an RSI value of 36.6837. This indicates that the stock is currently neutral.
What is the MACD signal for BLRX stock?
The MACD indicator for BIOLINERX LTD-SPONS ADR (BLRX) has a value of -0.0220846, indicating a bearish trend.
What is the short term momentum for BLRX stock?
The short term momentum for BIOLINERX LTD-SPONS ADR (BLRX) is negative.