BLACKROCK HEALTH SCIENCES (BME) Technical Analysis
NYSE:BME • US09250W1071
Current stock price
BME Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to BME. 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 37.51 - 40.39 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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 44% of all stocks.
- BME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BME is lagging the market.
BME Weekly and Daily overview Charts
BME Setup Rating and Analysis
Although the technical rating is bad, BME does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for BME in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BME Support and Resistance Analysis
34.50
2 important support areas can be observed.
- A support zone ranging from 37.43 to 37.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 41.59 to 41.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 42.63 to 42.63. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for BME is neutral. |
| ChartMill Relative Strength | 44.26 | 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) | 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) | 55.13 | NEUTRAL | The RSI value for BME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests BME has a positive trend. |
| Stochastics (14,3) | 74.21 | NEUTRAL | The Stochastics value for BME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for BME suggests some volalility. |
| Average Directional Index/ADX (14) | 26.01 | POSITIVE | The high ADX value value for BME suggests a strong trend. |
BME Chart- and CandleStick Pattern Analysis
BME Technicals: Chart, Performance Metrics, Trend & Indicators
40.05
+0.64 (+1.62%)
BLACKROCK HEALTH SCIENCES / BME TA FAQ
What is the technical rating for BME stock?
ChartMill assigns a technical rating of 3 / 10 to BME.
Can you provide the trend direction for BLACKROCK HEALTH SCIENCES?
The current trend direction for BLACKROCK HEALTH SCIENCES (BME) is Bearish.
Can you provide the RSI signal for BLACKROCK HEALTH SCIENCES?
BLACKROCK HEALTH SCIENCES (BME) has an RSI value of 55.1338. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BLACKROCK HEALTH SCIENCES?
The MACD indicator for BLACKROCK HEALTH SCIENCES (BME) has a value of 0.246929, indicating a bearish trend.
What is the short term momentum for BLACKROCK HEALTH SCIENCES (BME) stock?
The short term momentum for BLACKROCK HEALTH SCIENCES (BME) is neutral.