BMA Technical Analysis - BYGGMA ASA

Technical Rating and Analysis

Taking everything into account, BMA scores 4 out of 10 in our technical rating. BMA performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

64% of all other stocks performed better in the past year than BMA.

Warning: BMA has an average volume of 2663 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

BMA is part of the Building Products industry. There are 21 other stocks in this industry, BMA did better than 55% of them.

BMA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BMA is lagging the market slightly.

In the last month BMA has a been trading in the 17.30 - 20.80 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

Setup Rating and Analysis

BMA has an average technical rating and it also does not offer a high 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

14.80

19.59

4 important support areas can be observed.

Support @18.82 from a trend line in the weekly time frame.
A support zone ranging from 17.44 to 17.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @15.25 from a trend line in the daily time frame.
A support zone ranging from 14.95 to 15.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 19.00 to 19.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for BMA.OL is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BMA.OL is neutral.
ChartMill Relative Strength	36.17	NEUTRAL	BMA.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of BMA.OL is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BMA.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of BMA.OL is above a declining SMA(200).
Relative Strength Index/RSI (14)	46.23	NEUTRAL	The RSI value for BMA.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests BMA.OL has a negative trend.
Stochastics (14,3)	60.32	NEUTRAL	The Stochastics value for BMA.OL is a neutral value.
Average True Range in percent/ATR (20)	4.97	MEDIUM VOLATILITY	The ATR as a percentage value for BMA.OL suggests some volalility.
Average Directional Index/ADX (14)	26.63	POSITIVE	The high ADX value value for BMA.OL suggests a strong trend.