BIOMEA FUSION INC (BMEA) Stock Technical Analysis
USA - NASDAQ:BMEA - US09077A1060 - Common Stock
We assign a technical rating of 0 out of 10 to BMEA. BMEA'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 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
1.45
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.54 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.96 from a trend line in the weekly time frame.
- Resistance @2.53 from a trend line in the daily time frame.
- Resistance @2.63 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 | DOWN | NEGATIVE | The short term trend for BMEA is down. |
| ChartMill Relative Strength | 2.64 | NEGATIVE | BMEA has a low relative strength, it was outperformed by 97.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BMEA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BMEA is below 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) | 39.24 | NEUTRAL | The RSI value for BMEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BMEA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.41 | OVERSOLD | The low Stochastics value suggests BMEA may be oversold. |
| Average True Range in percent/ATR (20) | 14.03 | HIGH VOLATILITY | The high ATR as a percentage value for BMEA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.03 | NEUTRAL | The ADX value for BMEA suggests a possible start of a new trend. |
1.46
+0.08 (+5.8%)
BIOMEA FUSION INC / BMEA FAQ
What is the technical rating for BMEA stock?
ChartMill assigns a technical rating of 0 / 10 to BMEA.
What is the trend direction for BMEA stock?
The current trend direction for BIOMEA FUSION INC (BMEA) is Bearish.
What is the RSI signal for BIOMEA FUSION INC (BMEA) stock?
BIOMEA FUSION INC (BMEA) has an RSI value of 39.2399. This indicates that the stock is currently neutral.
What is the MACD signal for BIOMEA FUSION INC (BMEA) stock?
The MACD indicator for BIOMEA FUSION INC (BMEA) has a value of -0.0422092, indicating a bearish trend.
Can you provide the buy/sell signal for BIOMEA FUSION INC?
The buy/sell signal for BIOMEA FUSION INC (BMEA) is sell as both the short term and long term trends are negative.