BADGER METER INC (BMI) Technical Analysis
NYSE:BMI • US0565251081
Current stock price
BMI Technical Rating and Analysis
Overall BMI gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BMI was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, BMI is a bad performer in the overall market: 82% of all stocks are doing better.
- BMI is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 71% 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 145.70 - 162.43 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
BMI Weekly and Daily overview Charts
BMI Setup Rating and Analysis
Although the technical rating is bad, BMI does present a nice setup opportunity. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
BMI Support and Resistance Analysis
142.85
2 important support areas can be observed.
- A support zone ranging from 152.11 to 154.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 144.29 to 146.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 171.61 to 172.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 178.88 to 181.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @189.29 from a horizontal line in the daily time frame.
- Resistance @193.09 from a horizontal line in the daily time frame.
BMI 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 | UP | POSITIVE | The short term trend for BMI is up. |
| ChartMill Relative Strength | 18.1 | NEGATIVE | BMI has a low relative strength, it was outperformed by 81.9% 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) | DOWN | NEGATIVE | The current price of BMI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.35 | NEUTRAL | The RSI value for BMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.08 | POSITIVE | The MACD value suggests BMI has a positive trend. |
| Stochastics (14,3) | 79.76 | NEUTRAL | The Stochastics value for BMI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for BMI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.09 | NEGATIVE | The low ADX value for BMI suggests a weak or negative trend. |
BMI Chart- and CandleStick Pattern Analysis
BMI Technicals: Chart, Performance Metrics, Trend & Indicators
161
+5.77 (+3.72%)
BADGER METER INC / BMI TA FAQ
What is the technical rating for BMI stock?
ChartMill assigns a technical rating of 3 / 10 to BMI.
Can you provide the trend direction for BADGER METER INC?
The current trend direction for BADGER METER INC (BMI) is Bearish.
What is the RSI signal for BMI stock?
BADGER METER INC (BMI) has an RSI value of 61.3501. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BADGER METER INC?
The MACD indicator for BADGER METER INC (BMI) has a value of 1.08118, indicating a bullish trend.
Can you provide the support and resistance levels for BADGER METER INC?
BADGER METER INC (BMI) has a support level at 154.47 and a resistance level at 171.61. Check the full technical report for our detailed analysis of BMI support and resistance levels.