BASEL MEDICAL GROUP LTD (BMGL) Stock Technical Analysis
NASDAQ:BMGL - Nasdaq - VGG0864B1031 - Common Stock - Currency: USD
Overall BMGL gets a technical rating of 0 out of 10. BMGL 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.
100% of all other stocks performed better in the past year than BMGL.
BMGL is one of the lesser performing stocks in the Health Care Providers & Services industry. 92% of 103 stocks in the same industry do better.
In the last month BMGL has a been trading in the 1.51 - 5.07 range, which is quite wide. It is currently trading near the lows of this range.
BMGL has an average volume of 6953260 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.
BMGL has a poor technical rating and the quality of the setup is also only medium 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
1.59
2.58
We found 2 important support areas.
- Support @1.71 from a horizontal line in the weekly time frame.
- Support @1.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.55 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 BMGL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BMGL is down. |
| 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 | NEGATIVE | The current price of BMGL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BMGL is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 39.05 | NEUTRAL | The RSI value for BMGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests BMGL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.39 | OVERSOLD | The low Stochastics value suggests BMGL may be oversold. |
| Average True Range in percent/ATR (20) | 33.08 | HIGH VOLATILITY | The high ATR as a percentage value for BMGL suggests high volalility. |
| Average Directional Index/ADX (14) | 24.68 | NEUTRAL | The ADX value for BMGL suggests a possible start of a new 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)
1.72
-0.02 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.15%
1 Week-4.44%
2 Weeks-35.58%
1 Month-64.75%
3 Month-68.67%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%33.08%
ATR Inc-61.79%
Range Today0.16
ADR(20)0.56
ADR(20)%32.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High2.7
10 Day Low1.51
20 Day High5.07
20 Day Low1.51
52 Week HighN/A
52 Week LowN/A
CS1 End1.71
CR1 Start2.55
Volume & EV
DER(3)0.69%
DER(5)-3.61%
Volume401.60K
Volume Incr-96.09%
Vol(5)570.74K
Vol(50)6.95M