BIOMEA FUSION INC (BMEA) Stock Technical Analysis
NASDAQ:BMEA - US09077A1060 - Common Stock
1.86 USD
+0.03 (+1.64%)
1.87 USD
+0.01 (+0.54%)
We assign a technical rating of 2 out of 10 to BMEA. Recently some decent action could be observed, but in the medium term time frame this is still negative. BMEA was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, BMEA is a bad performer in the overall market: 91% of all stocks are doing better.
BMEA is part of the Biotechnology industry. There are 547 other stocks in this industry, of which 65% are performing better than BMEA.
BMEA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BMEA has a been trading in the 1.50 - 1.95 range, which is quite wide. It is currently trading near the high of this range.
BMEA has an average volume of 1283380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
The technical rating of BMEA is bad and it also does not present a quality setup 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
1.54
2.94
We found 1 important support area.
- A support zone ranging from 1.56 to 1.57. 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 1.87 to 1.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.13 from a trend line in the daily time frame.
- Resistance @2.91 from a horizontal line in the daily 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 BMEA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BMEA is up. |
| ChartMill Relative Strength | 9.05 | NEGATIVE | BMEA has a low relative strength, it was outperformed by 90.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BMEA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BMEA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BMEA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.36 | NEUTRAL | The RSI value for BMEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BMEA has a positive trend. |
| Stochastics (14,3) | 73.72 | NEUTRAL | The Stochastics value for BMEA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for BMEA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.62 | NEGATIVE | The low ADX value for BMEA 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)
1.86
+0.03 (+1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.64%
1 Week4.49%
2 Weeks8.14%
1 Month12.05%
3 Month29.17%
6 Month-35.64%
12 Month-74.62%
2 Year-88.97%
3 Year-83.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%5.19%
ATR Inc-34.76%
Range Today0.06
ADR(20)0.1
ADR(20)%5.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.05
Mansfield-6.04
10 Day High1.95
10 Day Low1.65
20 Day High1.95
20 Day Low1.5
52 Week High13.07
52 Week Low1.29
CS1 End1.57
CR1 Start1.87
Volume & EV
DER(3)1.13%
DER(5)2.18%
Volume343.70K
Volume Incr-45.99%
Vol(5)399.34K
Vol(50)1.28M