BIOMEA FUSION INC (BMEA) Stock Technical Analysis
NASDAQ:BMEA - Nasdaq - US09077A1060 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to BMEA. BMEA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
96% of all other stocks performed better in the past year than BMEA.
BMEA is one of the lesser performing stocks in the Biotechnology industry. 76% of 551 stocks in the same industry do better.
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 - 2.01 range, which is quite wide. It is currently trading near the lows of this range.
BMEA has an average volume of 2852940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
1.56
2.94
When analyzing the support we notice one important area.
- Support @1.58 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.78 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.99 from a horizontal line in the daily time frame.
- Resistance @2.36 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 | 4.89 | NEGATIVE | BMEA has a low relative strength, it was outperformed by 95.11% 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) | UP | MIXED | The current price of BMEA is below the rising 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) | 39.28 | NEUTRAL | The RSI value for BMEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BMEA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.28 | OVERSOLD | The low Stochastics value suggests BMEA may be oversold. |
| Average True Range in percent/ATR (20) | 6.98 | HIGH VOLATILITY | The high ATR as a percentage value for BMEA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.48 | 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)
1.59
+0.01 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.63%
1 Week-4.22%
2 Weeks-14.05%
1 Month-18.46%
3 Month-2.45%
6 Month-57.54%
12 Month-72.2%
2 Year-90.57%
3 Year-86.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%6.98%
ATR Inc1.32%
Range Today0.12
ADR(20)0.11
ADR(20)%6.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.89
Mansfield-6.78
10 Day High1.9
10 Day Low1.5
20 Day High2.01
20 Day Low1.5
52 Week High13.07
52 Week Low1.29
CS1 End1.58
CR1 Start1.78
Volume & EV
DER(3)1.59%
DER(5)0.29%
Volume1.07M
Volume Incr-10.97%
Vol(5)889.86K
Vol(50)2.85M