BMI Technical Analysis - BADGER METER INC

Technical Rating and Analysis

Taking everything into account, BMI scores 0 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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

92% 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. 83% of 124 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.

In the last month BMI has a been trading in the 171.38 - 188.72 range, which is quite wide. It is currently trading near the lows of this range.

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 bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 172.76, a Stop Loss order could be placed below this zone.

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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 notice one important 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 3 important areas.

A resistance zone ranging from 189.30 to 193.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @232.71 from a trend 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	DOWN	NEGATIVE	The long term trend for BMI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BMI is down.
ChartMill Relative Strength	8.58	NEGATIVE	BMI has a low relative strength, it was outperformed by 91.42% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BMI is below 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)	38.25	NEUTRAL	The RSI value for BMI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.48	POSITIVE	The MACD value suggests BMI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	38.07	NEUTRAL	The Stochastics value for BMI is a neutral value.
Average True Range in percent/ATR (20)	2.68	MEDIUM VOLATILITY	The ATR as a percentage value for BMI suggests some volalility.
Average Directional Index/ADX (14)	38.92	POSITIVE	The high ADX value value for BMI suggests a strong trend.