BIOMEA FUSION INC (BMEA) Stock Technical Analysis
NASDAQ:BMEA • US09077A1060
Overall BMEA gets a technical rating of 1 out of 10. 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.
- When comparing the yearly performance of all stocks, BMEA is a bad performer in the overall market: 82% of all stocks are doing better.
- BMEA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BMEA has a been trading in the 1.03 - 1.43 range, which is quite wide. It is currently trading near the high of this range.
- BMEA has an average volume of 1193110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- BMEA is an average performer in the Biotechnology industry, it outperforms 40% of 520 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BMEA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
1.11
We found 4 important support areas.
- A support zone ranging from 1.29 to 1.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.24 to 1.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.16 from a trend line in the weekly time frame.
- Support @1.12 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @1.36 from a horizontal line in the daily time frame.
- Resistance @1.42 from a horizontal line in the weekly time frame.
- Resistance @1.75 from a trend line in the weekly time frame.
- Resistance @2.39 from a trend 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 | 18.45 | NEGATIVE | BMEA has a low relative strength, it was outperformed by 81.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BMEA is above a declining 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) | 53.08 | NEUTRAL | The RSI value for BMEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BMEA has a positive trend. |
| Stochastics (14,3) | 74.77 | NEUTRAL | The Stochastics value for BMEA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.71 | HIGH VOLATILITY | The high ATR as a percentage value for BMEA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.76 | NEGATIVE | The low ADX value for BMEA suggests a weak or negative trend. |
1.32
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BIOMEA FUSION INC / BMEA FAQ
Can you provide the ChartMill technical rating for BIOMEA FUSION INC?
ChartMill assigns a technical rating of 1 / 10 to BMEA.
Can you provide the trend direction for BIOMEA FUSION INC?
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 53.0784. This indicates that the stock is currently neutral.
What is the buy/sell signal for BMEA stock?
The buy/sell signal for BIOMEA FUSION INC (BMEA) is hold as the short term and long term trends are mixed.
What is the support and resistance level for BMEA stock?
BIOMEA FUSION INC (BMEA) has a support level at 1.32 and a resistance level at 1.36. Check the full technical report for our detailed analysis of BMEA support and resistance levels.