BIOMERICA INC (BMRA) Stock Technical Analysis
USA - NASDAQ:BMRA - US09061H4065 - Common Stock
Taking everything into account, BMRA scores 0 out of 10 in our technical rating. BMRA'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 technical rating of BMRA 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.
More info and screens
2.43
When analyzing the support we notice one important area.
- Support @2.45 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.78 to 2.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.97 from a trend line in the daily time frame.
- Resistance @4.08 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for BMRA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BMRA is down. |
| ChartMill Relative Strength | 16.03 | NEGATIVE | BMRA has a low relative strength, it was outperformed by 83.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BMRA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BMRA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BMRA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.19 | NEUTRAL | The RSI value for BMRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BMRA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.7 | OVERSOLD | The low Stochastics value suggests BMRA may be oversold. |
| Average True Range in percent/ATR (20) | 7.42 | HIGH VOLATILITY | The high ATR as a percentage value for BMRA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.25 | NEUTRAL | The ADX value for BMRA suggests a possible start of a new trend. |
2.47
+0.01 (+0.41%)
BIOMERICA INC / BMRA FAQ
What is the technical rating for BMRA stock?
ChartMill assigns a technical rating of 0 / 10 to BMRA.
What is the current trend direction of BIOMERICA INC (BMRA) stock?
The current trend direction for BIOMERICA INC (BMRA) is Bearish.
Can you provide the RSI signal for BIOMERICA INC?
BIOMERICA INC (BMRA) has an RSI value of 34.1877. This indicates that the stock is currently neutral.
What is the MACD signal for BIOMERICA INC (BMRA) stock?
The MACD indicator for BIOMERICA INC (BMRA) has a value of -0.0458138, indicating a bearish trend.
Can you provide the support and resistance levels for BIOMERICA INC?
BIOMERICA INC (BMRA) has a support level at 2.45 and a resistance level at 2.78. Check the full technical report for our detailed analysis of BMRA support and resistance levels.