BASEL MEDICAL GROUP LTD (BMGL) Technical Analysis
NASDAQ:BMGL • VGG0864B1031
We assign a technical rating of 2 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 97% of all other stocks performed better in the past year than BMGL.
- BMGL is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, of which 86% are performing better than BMGL.
- BMGL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BMGL is lagging the market.
- In the last month BMGL has a been trading in the 0.53 - 0.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- 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
0.56
2 important support areas can be observed.
- Support @0.59 from a trend line in the daily time frame.
- A support zone ranging from 0.57 to 0.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 3.68 | NEGATIVE | BMGL has a low relative strength, it was outperformed by 96.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BMGL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BMGL is below the rising 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) | 47.4 | NEUTRAL | The RSI value for BMGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BMGL has a positive trend. |
| Stochastics (14,3) | 53.06 | NEUTRAL | The Stochastics value for BMGL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.63 | HIGH VOLATILITY | The high ATR as a percentage value for BMGL suggests high volalility. |
| Average Directional Index/ADX (14) | 9.46 | NEGATIVE | The low ADX value for BMGL suggests a weak or negative trend. |
BMGL Technicals: Chart, Performance Metrics, Trend & Indicators
0.6191
+0.02 (+3.72%)
BASEL MEDICAL GROUP LTD / BMGL FAQ
What is the technical rating for BMGL stock?
ChartMill assigns a technical rating of 2 / 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 47.404. 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 0.00536155, indicating a bearish trend.
Can you provide the support and resistance levels for BASEL MEDICAL GROUP LTD?
BASEL MEDICAL GROUP LTD (BMGL) has a support level at 0.59. Check the full technical report for our detailed analysis of BMGL support and resistance levels.