BADGER METER INC (BMI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BMI - US0565251081 - Common Stock
We assign a technical rating of 2 out of 10 to BMI. In the past year, BMI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, BMI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
166.47
When analyzing the support we can see 2 important areas.
- Support @176.91 from a trend line in the weekly time frame.
- A support zone ranging from 168.15 to 172.77. 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 180.12 to 182.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 187.88 to 189.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 25.66 | NEGATIVE | BMI has a low relative strength, it was outperformed by 74.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BMI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BMI is below the rising 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) | 48.67 | NEUTRAL | The RSI value for BMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BMI has a negative trend. |
| Stochastics (14,3) | 53.01 | NEUTRAL | The Stochastics value for BMI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for BMI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.56 | NEGATIVE | The low ADX value for BMI suggests a weak or negative trend. |
179.74
-1.01 (-0.56%)
BADGER METER INC / BMI FAQ
What is the technical rating for BMI stock?
ChartMill assigns a technical rating of 2 / 10 to BMI.
What is the current trend direction of BADGER METER INC (BMI) stock?
The current trend direction for BADGER METER INC (BMI) is Bearish.
Can you provide the RSI signal for BADGER METER INC?
BADGER METER INC (BMI) has an RSI value of 48.6728. This indicates that the stock is currently neutral.
What are the support and resistance levels for BADGER METER INC (BMI) stock?
BADGER METER INC (BMI) has a support level at 176.91 and a resistance level at 180.12. Check the full technical report for our detailed analysis of BMI support and resistance levels.