BMI Technical Analysis - BADGER METER INC

Technical Rating and Analysis

Taking everything into account, BMI scores 2 out of 10 in our technical rating. BMI'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.

78% of all other stocks performed better in the past year than BMI.

BMI is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 74% of 123 stocks in the same industry do better.

BMI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

In the last month BMI has a been trading in the 170.80 - 204.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BADGER METER INC / BMI Weekly stock chart

BADGER METER INC / BMI Daily stock chart

Setup Rating and Analysis

BMI 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

169.00

249.93

When analyzing the support we can see 2 important areas.

A support zone ranging from 178.58 to 182.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 170.71 to 172.76. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

Resistance @187.42 from a horizontal line in the daily time frame.
Resistance @247.46 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for BMI is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BMI is neutral.
ChartMill Relative Strength	22.16	NEGATIVE	BMI has a low relative strength, it was outperformed by 77.84% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BMI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of BMI is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BMI is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.24	NEUTRAL	The RSI value for BMI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.9	POSITIVE	The MACD value suggests BMI has a positive trend.
Stochastics (14,3)	48.43	NEUTRAL	The Stochastics value for BMI is a neutral value.
Average True Range in percent/ATR (20)	3.51	MEDIUM VOLATILITY	The ATR as a percentage value for BMI suggests some volalility.
Average Directional Index/ADX (14)	23.33	NEUTRAL	The ADX value for BMI suggests a possible start of a new trend.