BLACKROCK HEALTH SCIENCES (BME) Stock Technical Analysis
NYSE:BME - US09250W1071
36.82 USD
+0.09 (+0.25%)
36.82 USD
0 (0%)
Taking everything into account, BME scores 4 out of 10 in our technical rating. 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.
79% of all other stocks performed better in the past year than BME.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month BME has a been trading in the 35.03 - 37.14 range, which is quite wide. It is currently trading near the high of this range.
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 has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
34.50
43.03
When analyzing the support we notice one important area.
- A support zone ranging from 34.85 to 36.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 36.83 to 36.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @37.64 from a horizontal line in the daily time frame.
- Resistance @38.96 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 | NEUTRAL | NEUTRAL | The long term trend for BME is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BME is up. |
| ChartMill Relative Strength | 21.79 | NEGATIVE | BME has a low relative strength, it was outperformed by 78.21% 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) | 64.94 | NEUTRAL | The RSI value for BME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests BME has a positive trend. |
| Stochastics (14,3) | 89.33 | OVERBOUGHT | The high Stochastics value suggests BME may be overbought. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for BME suggests low volalility. |
| Average Directional Index/ADX (14) | 18.07 | 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)
36.82
+0.09 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.25%
1 Week1.27%
2 Weeks4.51%
1 Month1.07%
3 Month4.19%
6 Month-8.48%
12 Month-12.25%
2 Year-7.86%
3 Year-10.83%
5 Year-15.16%
10 Year-20.8%
15 Year55.36%
Volatility
ATR(14)0.37
ATR(20)%1.1%
ATR Inc-12.19%
Range Today0.4
ADR(20)0.4
ADR(20)%1.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.79
Mansfield-1.31
10 Day High37.14
10 Day Low35.23
20 Day High37.14
20 Day Low35.03
52 Week High42.64
52 Week Low34.18
CS1 End36.69
CR1 Start36.83
Volume & EV
DER(3)3.54%
DER(5)2.56%
Volume49.20K
Volume Incr-7.85%
Vol(5)51.94K
Vol(50)50.85K