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.
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
1.11
When analyzing the support we notice one important area.
- A support zone ranging from 1.12 to 1.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- Resistance @1.24 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.37 to 1.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.65 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 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) | 34.77 | NEUTRAL | The RSI value for BMGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BMGL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.57 | OVERSOLD | The low Stochastics value suggests BMGL may be oversold. |
| Average True Range in percent/ATR (20) | 8.76 | HIGH VOLATILITY | The high ATR as a percentage value for BMGL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.19 | NEGATIVE | The low ADX value for BMGL suggests a weak or negative trend. |
1.19
-0.04 (-3.25%)
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 current trend direction of BASEL MEDICAL GROUP LTD (BMGL) stock?
The current trend direction for BASEL MEDICAL GROUP LTD (BMGL) is Bearish.
What is the RSI signal for BASEL MEDICAL GROUP LTD (BMGL) stock?
BASEL MEDICAL GROUP LTD (BMGL) has an RSI value of 34.7746. This indicates that the stock is currently neutral.
What is the MACD signal for BASEL MEDICAL GROUP LTD (BMGL) stock?
The MACD indicator for BASEL MEDICAL GROUP LTD (BMGL) has a value of -0.0154453, indicating a bearish trend.
What is the support and resistance level for BMGL stock?
BASEL MEDICAL GROUP LTD (BMGL) has a support level at 1.12 and a resistance level at 1.24. Check the full technical report for our detailed analysis of BMGL support and resistance levels.