Taking everything into account, BMGL scores 0 out of 10 in our technical rating. BMGL'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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, BMGL is a bad performer in the overall market: 100% of all stocks are doing better.
- BMGL is one of the lesser performing stocks in the Health Care Providers & Services industry. 91% of 100 stocks in the same industry do better.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month BMGL has a been trading in the 0.49 - 0.85 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of BMGL 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
0.78
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 BMGL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BMGL is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | BMGL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BMGL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BMGL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BMGL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.7 | NEUTRAL | The RSI value for BMGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BMGL has a positive trend. |
| Stochastics (14,3) | 84.1 | OVERBOUGHT | The high Stochastics value suggests BMGL may be overbought. |
| Average True Range in percent/ATR (20) | 9.84 | HIGH VOLATILITY | The high ATR as a percentage value for BMGL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.9 | NEUTRAL | The ADX value for BMGL suggests a possible start of a new trend. |
0.79
+0.06 (+8.55%)
BASEL MEDICAL GROUP LTD / BMGL FAQ
What is the technical rating for BMGL stock?
ChartMill assigns a technical rating of 0 / 10 to BMGL.
What is the trend direction for BMGL stock?
The current trend direction for BASEL MEDICAL GROUP LTD (BMGL) is Bearish.
What is the RSI signal for BMGL stock?
BASEL MEDICAL GROUP LTD (BMGL) has an RSI value of 52.7047. This indicates that the stock is currently neutral.
What is the MACD signal for BMGL stock?
The MACD indicator for BASEL MEDICAL GROUP LTD (BMGL) has a value of 0.0419757, indicating a bearish trend.