BMGL Technical Analysis - BASEL MEDICAL GROUP LTD

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to BMGL. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

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. 92% of 100 stocks in the same industry do better.

In the last month BMGL has a been trading in the 1.43 - 2.06 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BASEL MEDICAL GROUP LTD / BMGL Weekly stock chart

BASEL MEDICAL GROUP LTD / BMGL Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.49

2.06

2 important support areas can be observed.

A support zone ranging from 1.54 to 1.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.50 from a horizontal line in the daily time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 1.58 to 1.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 1.64 to 1.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.98 from a trend line in the daily time frame.
Resistance @2.04 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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)	38.56	NEUTRAL	The RSI value for BMGL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests BMGL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	23.82	NEUTRAL	The Stochastics value for BMGL is a neutral value.
Average True Range in percent/ATR (20)	7.42	HIGH VOLATILITY	The high ATR as a percentage value for BMGL suggests high volalility.
Average Directional Index/ADX (14)	15.39	NEGATIVE	The low ADX value for BMGL suggests a weak or negative trend.