BADGER METER INC (BMI) Stock Technical Analysis
NYSE:BMI - New York Stock Exchange, Inc. - US0565251081 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to BMI. Both in the recent history as in the last year, BMI has proven to be a steady performer, scoring decent points in every aspect analyzed.
BMI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 246.89, a Stop Loss order could be placed below this zone.
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175.84
When analyzing the support we can see 3 important areas.
- A support zone ranging from 246.86 to 246.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 219.63 to 221.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @177.62 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @254.18 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 | UP | POSITIVE | The long term trend for BMI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BMI is up. |
| ChartMill Relative Strength | 89.25 | POSITIVE | BMI has a high relative strength, it outperformed 89.25% 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) | UP | POSITIVE | The current price of BMI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BMI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.9 | NEUTRAL | The RSI value for BMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.61 | NEGATIVE | The MACD value suggests BMI has a negative trend. |
| Stochastics (14,3) | 50.17 | NEUTRAL | The Stochastics value for BMI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for BMI suggests some volalility. |
| Average Directional Index/ADX (14) | 46.32 | POSITIVE | The high ADX value value for BMI suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 254.19 | 246.85 | 7.34 (2.89%) | 25.00% |
| An entry @254.19. This is a Buy Stop order right above the resistance zone. | An exit @246.85. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.34 points, which is 2.89%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BMI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
247.47
-0.36 (-0.15%)