BLACKROCK HEALTH SCIENCES (BME) Stock Technical Analysis
NYSE:BME - New York Stock Exchange, Inc. - US09250W1071 - Currency: USD
Overall BME gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BME was also a bad performer in the overall market in the last year.
82% of all other stocks performed better in the past year than BME.
BME is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BME has a been trading in a tight range between 35.30 and 37.00.
BME has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 36.21, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
34.50
43.03
2 important support areas can be observed.
- A support zone ranging from 36.21 to 36.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.85 to 35.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @37.64 from a horizontal line in the daily time frame.
- A resistance zone ranging from 39.43 to 39.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 40.93 to 41.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @42.60 from a horizontal line in the weekly time frame.
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 BME is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BME is up. |
| ChartMill Relative Strength | 18.95 | NEGATIVE | BME has a low relative strength, it was outperformed by 81.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BME is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.01 | NEUTRAL | The RSI value for BME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BME has a positive trend. |
| Stochastics (14,3) | 81.96 | OVERBOUGHT | The high Stochastics value suggests BME may be overbought. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for BME suggests low volalility. |
| Average Directional Index/ADX (14) | 15.43 | NEGATIVE | The low ADX value for BME suggests a weak or negative trend. |
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)
36.66
+0.02 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.05%
1 Week1.38%
2 Weeks2.8%
1 Month1.33%
3 Month1.02%
6 Month-4.28%
12 Month-9.97%
2 Year-8.4%
3 Year-16.34%
5 Year-14.23%
10 Year-17.88%
15 Year47.88%
Volatility
ATR(14)0.44
ATR(20)%1.09%
ATR Inc-45.28%
Range Today0.18
ADR(20)0.38
ADR(20)%1.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.95
Mansfield-1.4
10 Day High37
10 Day Low35.3
20 Day High37
20 Day Low35.3
52 Week High42.64
52 Week Low34.18
CS1 End36.21
CR1 Start36.24
Volume & EV
DER(3)-0.98%
DER(5)-2.47%
Volume34.11K
Volume Incr32.67%
Vol(5)52.70K
Vol(50)44.21K