BMI Technical Analysis - BADGER METER INC

Technical Rating and Analysis

Overall BMI gets a technical rating of 1 out of 10. 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.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, BMI is a bad performer in the overall market: 76% of all stocks are doing better.

BMI is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 72% of 123 stocks in the same industry do better.

In the last month BMI has a been trading in the 170.80 - 188.23 range, which is quite wide. It is currently trading near the high of this range.

Prices have been consolidating recently, this may present a good entry opportunity.

BMI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BMI is lagging the market.

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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 not perfect 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

We found 1 important support area.

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.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 187.42 to 187.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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	DOWN	NEGATIVE	The long term trend for BMI is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BMI is neutral.
ChartMill Relative Strength	24.99	NEGATIVE	BMI has a low relative strength, it was outperformed by 75.01% 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	NEGATIVE	The current price of BMI is below 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)	61.43	NEUTRAL	The RSI value for BMI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.21	POSITIVE	The MACD value suggests BMI has a positive trend.
Stochastics (14,3)	67.14	NEUTRAL	The Stochastics value for BMI is a neutral value.
Average True Range in percent/ATR (20)	2.47	MEDIUM VOLATILITY	The ATR as a percentage value for BMI suggests some volalility.
Average Directional Index/ADX (14)	18.79	NEGATIVE	The low ADX value for BMI suggests a weak or negative trend.