BLACKROCK HEALTH SCIENCES (BME) Stock Technical Analysis
USA - NYSE:BME - US09250W1071
Taking everything into account, BME scores 7 out of 10 in our technical rating. Although BME is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
BME has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 38.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.89, a Stop Loss order could be placed below this zone.
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34.50
When analyzing the support we can see 2 important areas.
- A support zone ranging from 37.03 to 37.89. 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 36.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 38.15 to 38.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.59 from a horizontal line in the weekly time frame.
- 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 | UP | POSITIVE | The long term trend for BME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BME is up. |
| ChartMill Relative Strength | 33.21 | NEUTRAL | BME is not amongst the best or worst performers 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 | MIXED | The current price of BME is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.2 | NEUTRAL | The RSI value for BME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BME has a positive trend. |
| Stochastics (14,3) | 72.98 | NEUTRAL | The Stochastics value for BME is a neutral value. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for BME suggests low volalility. |
| Average Directional Index/ADX (14) | 28.2 | POSITIVE | The high ADX value value for BME suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.36 | 37.36 | 1.00 (2.61%) | 25.00% |
| An entry @38.36. This is a Buy Stop order right above the resistance zone. | An exit @37.36. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.00 points, which is 2.61%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
38.14
-0.02 (-0.05%)