BLACKROCK HEALTH SCIENCES (BME) Stock Technical Analysis
NYSE:BME - New York Stock Exchange, Inc. - US09250W1071 - Currency: USD
Taking everything into account, BME scores 0 out of 10 in our technical rating. BME's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
80% 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. The S&P500 Index however is trading in the upper part of its 52 week range, so BME is lagging the market.
In the last month BME has a been trading in a tight range between 35.37 and 37.02.
Although the technical rating is bad, BME does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 35.53, a Stop Loss order could be placed below this zone.
More info and screens
34.50
43.03
We found 1 important support area.
- 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.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 35.89 to 36.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.64 from a horizontal line in the daily time frame.
- Resistance @39.16 from a trend line in the weekly time frame.
- 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 | DOWN | NEGATIVE | The long term trend for BME is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BME is down. |
| ChartMill Relative Strength | 20.1 | NEGATIVE | BME has a low relative strength, it was outperformed by 79.9% off all stocks 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) | DOWN | NEGATIVE | The current price of BME is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.38 | NEUTRAL | The RSI value for BME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BME has a negative trend. |
| Stochastics (14,3) | 20.5 | NEUTRAL | The Stochastics value for BME is a neutral value. |
| Average True Range in percent/ATR (20) | 1.32 | LOW VOLATILITY | The low ATR as a percentage value for BME suggests low volalility. |
| Average Directional Index/ADX (14) | 11.95 | 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)
35.55
+0.01 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.03%
1 Week-2.42%
2 Weeks-0.14%
1 Month-3.03%
3 Month-4.84%
6 Month-13.12%
12 Month-13.93%
2 Year-11.04%
3 Year-13.9%
5 Year-18.09%
10 Year-23.53%
15 Year50%
Volatility
ATR(14)0.49
ATR(20)%1.32%
ATR Inc30.18%
Range Today0.42
ADR(20)0.44
ADR(20)%1.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.1
Mansfield-1.43
10 Day High36.65
10 Day Low35.37
20 Day High37.02
20 Day Low35.37
52 Week High42.64
52 Week Low34.18
CS1 End35.53
CR1 Start35.89
Volume & EV
DER(3)0.81%
DER(5)2.94%
Volume63.20K
Volume Incr21.21%
Vol(5)55.38K
Vol(50)44.03K