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 8 out of 10 to BMI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BMI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
BMI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BMI has a been trading in the 241.10 - 256.08 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that BMI is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this relatively good performance is mostly due to a recent big move.
BMI is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, BMI did better than 64% of them.
BMI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 244.32, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
177.26
256.72
3 important support areas can be observed.
- A support zone ranging from 241.63 to 244.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @219.63 from a horizontal line in the daily time frame.
- Support @179.05 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 246.17 to 248.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 87.76 | POSITIVE | BMI has a high relative strength, it outperformed 87.76% 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) | 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) | 53.65 | NEUTRAL | The RSI value for BMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.92 | NEGATIVE | The MACD value suggests BMI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.13 | NEUTRAL | The Stochastics value for BMI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for BMI suggests some volalility. |
| Average Directional Index/ADX (14) | 29.62 | POSITIVE | The high ADX value value for BMI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 248.24 | 241.62 | 6.62 (2.67%) | 25.00% |
| An entry @248.24. This is a Buy Stop order right above the resistance zone. | An exit @241.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.62 points, which is 2.67%. | For a 0.67% 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.
244.95
-1.11 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.45%
1 Week-0.67%
2 Weeks0.91%
1 Month-1.32%
3 Month41.78%
6 Month14.8%
12 Month30.72%
2 Year66%
3 Year202.82%
5 Year289.3%
10 Year671.62%
15 Year1166.22%
Volatility
ATR(14)4.58
ATR(20)%2.03%
ATR Inc-6.64%
Range Today4.72
ADR(20)4.97
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.76
Mansfield0.68
10 Day High251.54
10 Day Low241.15
20 Day High256.08
20 Day Low241.11
52 Week High256.08
52 Week Low162.17
CS1 End244.32
CR1 Start246.33
Volume & EV
DER(3)-1.01%
DER(5)-0.99%
Volume222.19K
Volume Incr5.45%
Vol(5)212.06K
Vol(50)244.92K