BMR Technical Analysis - BEAMR IMAGING LTD

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to BMR. BMR'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.

89% of all other stocks performed better in the past year than BMR.

BMR is one of the lesser performing stocks in the Software industry. 70% of 282 stocks in the same industry do better.

BMR 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 BMR has a been trading in the 2.64 - 3.24 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BEAMR IMAGING LTD / BMR Weekly stock chart

BEAMR IMAGING LTD / BMR Daily stock chart

Setup Rating and Analysis

The technical rating of BMR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.47

4.49

When analyzing the support we can see 2 important areas.

A support zone ranging from 2.68 to 2.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.49 from a trend line in the weekly time frame.

When analyzing the resistance we notice 5 important areas.

A resistance zone ranging from 2.93 to 3.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @3.07 from a trend line in the daily time frame.
Resistance @3.99 from a trend line in the daily time frame.
Resistance @4.20 from a horizontal line in the daily time frame.
Resistance @4.45 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for BMR is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BMR is down.
ChartMill Relative Strength	11.99	NEGATIVE	BMR has a low relative strength, it was outperformed by 88.01% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BMR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BMR is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BMR is below a declining SMA(200).
Relative Strength Index/RSI (14)	38.44	NEUTRAL	The RSI value for BMR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests BMR has a negative trend.
Stochastics (14,3)	24.03	NEUTRAL	The Stochastics value for BMR is a neutral value.
Average True Range in percent/ATR (20)	6.14	HIGH VOLATILITY	The high ATR as a percentage value for BMR suggests high volalility.
Average Directional Index/ADX (14)	24.76	NEUTRAL	The ADX value for BMR suggests a possible start of a new trend.