BIOMERICA INC (BMRA) Stock Technical Analysis
NASDAQ:BMRA - US09061H4065 - Common Stock
3.13 USD
-0.03 (-0.95%)
3.27 USD
+0.14 (+4.47%)
Taking everything into account, BMRA scores 0 out of 10 in our technical rating. BMRA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, BMRA is a bad performer in the overall market: 78% of all stocks are doing better.
BMRA 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 BMRA has a been trading in the 2.80 - 4.60 range, which is quite wide. It is currently trading near the lows of this range.
BMRA is part of the Health Care Equipment & Supplies industry. There are 189 other stocks in this industry, BMRA did better than 59% of them.
Considerably lower volume is observed in the last couple of days.
BMRA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.05, a Stop Loss order could be placed below this zone.
More info and screens
2.18
4.89
3 important support areas can be observed.
- A support zone ranging from 3.01 to 3.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.96 from a horizontal line in the daily time frame.
- Support @2.20 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 3.19 to 3.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.48 to 3.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.67 from a trend line in the daily time frame.
- Resistance @4.84 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 | 22.41 | NEGATIVE | BMRA has a low relative strength, it was outperformed by 77.59% 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) | UP | MIXED | The current price of BMRA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.1 | NEUTRAL | The RSI value for BMRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BMRA has a negative trend. |
| Stochastics (14,3) | 19.26 | OVERSOLD | The low Stochastics value suggests BMRA may be oversold. |
| Average True Range in percent/ATR (20) | 10.24 | HIGH VOLATILITY | The high ATR as a percentage value for BMRA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.6 | NEUTRAL | The ADX value for BMRA suggests a possible start of a new 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)
3.13
-0.03 (-0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.95%
1 Week-9.8%
2 Weeks-1.26%
1 Month-3.16%
3 Month2.62%
6 Month-46.76%
12 Month-11.08%
2 Year-69.43%
3 Year-88.95%
5 Year-94.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%10.24%
ATR Inc-54.01%
Range Today0.17
ADR(20)0.29
ADR(20)%9.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.41
Mansfield-1.9
10 Day High3.6
10 Day Low2.8
20 Day High4.6
20 Day Low2.8
52 Week High10.16
52 Week Low2.08
CS1 End3.05
CR1 Start3.19
Volume & EV
DER(3)-4.72%
DER(5)-2.67%
Volume77.30K
Volume Incr-97.68%
Vol(5)48.06K
Vol(50)874.00K