NYSE:BMI • US0565251081
We assign a technical rating of 0 out of 10 to BMI. 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.
Although the technical rating is bad, BMI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 159.38. Right above this resistance zone may be a good entry point.
142.97
When analyzing the support we notice one important area.
We can see 5 important resistance areas.
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 | 16.91 | NEGATIVE | BMI has a low relative strength, it was outperformed by 83.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BMI is above a declining 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) | 46.08 | NEUTRAL | The RSI value for BMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.58 | POSITIVE | The MACD value suggests BMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.85 | NEUTRAL | The Stochastics value for BMI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for BMI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.19 | NEUTRAL | The ADX value for BMI suggests a possible start of a new trend. |
156.2
-3.17 (-1.99%)
ChartMill assigns a technical rating of 0 / 10 to BMI.
The current trend direction for BADGER METER INC (BMI) is Bearish.
BADGER METER INC (BMI) has an RSI value of 46.0791. This indicates that the stock is currently neutral.
The MACD indicator for BADGER METER INC (BMI) has a value of 1.582, indicating a bullish trend.