BLACKROCK HEALTH SCIENCES (BME) Technical Analysis
NYSE:BME • US09250W1071
Current stock price
BME Technical Rating and Analysis
Overall BME gets a technical rating of 1 out of 10. BME has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month BME has a been trading in the 39.58 - 42.74 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, BME turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- BME 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 BME is lagging the market slightly.
BME Weekly and Daily overview Charts
BME Setup Rating and Analysis
The technical rating of BME is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
BME Support and Resistance Analysis
34.50
2 important support areas can be observed.
- Strong support @36.69 from a horizontal line in the daily time frame.
- A support zone ranging from 34.85 to 35.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.19 to 42.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
BME 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 BME is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BME is down. |
| ChartMill Relative Strength | 47.27 | NEUTRAL | BME is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BME is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BME is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 23.31 | OVERSOLD | The low RSI value suggests BME may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests BME has a negative trend. |
| Stochastics (14,3) | 9.93 | OVERSOLD | The low Stochastics value suggests BME may be oversold. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for BME suggests low volalility. |
| Average Directional Index/ADX (14) | 19.06 | NEGATIVE | The low ADX value for BME suggests a weak or negative trend. |
BME Chart- and CandleStick Pattern Analysis
BME Technicals: Chart, Performance Metrics, Trend & Indicators
39.72
-0.51 (-1.27%)
BLACKROCK HEALTH SCIENCES / BME TA FAQ
What is the technical rating for BME stock?
ChartMill assigns a technical rating of 1 / 10 to BME.
What is the trend direction for BME stock?
The current trend direction for BLACKROCK HEALTH SCIENCES (BME) is Bearish.
What is the RSI signal for BLACKROCK HEALTH SCIENCES (BME) stock?
BLACKROCK HEALTH SCIENCES (BME) has an RSI value of 23.314. This indicates that the stock is currently oversold.
What is the short term momentum for BLACKROCK HEALTH SCIENCES (BME) stock?
The short term momentum for BLACKROCK HEALTH SCIENCES (BME) is negative.