BANK OF MARIN BANCORP/CA (BMRC) Stock Technical Analysis
NASDAQ:BMRC • US0634251021
Overall BMRC gets a technical rating of 6 out of 10. Although BMRC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- BMRC is part of the Banks industry. There are 381 other stocks in this industry, of which 68% are performing better than BMRC.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- BMRC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BMRC is lagging the market slightly.
- In the last month BMRC has a been trading in the 25.99 - 28.26 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 performance of all stocks over the past year, BMRC turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
BMRC has only a medium technical rating, but it does show 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 27.08, a Stop Loss order could be placed below this zone.
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19.49
When analyzing the support we can see 4 important areas.
- A support zone ranging from 26.54 to 27.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.60 to 25.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.52 to 24.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.69 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 27.33 to 27.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.91 to 27.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BMRC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BMRC is neutral. |
| ChartMill Relative Strength | 59.61 | NEUTRAL | BMRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BMRC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BMRC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BMRC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.48 | NEUTRAL | The RSI value for BMRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BMRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.95 | NEUTRAL | The Stochastics value for BMRC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for BMRC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.79 | NEGATIVE | The low ADX value for BMRC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 27.48 | 26.63 | 0.85 (3.09%) | 25.00% |
| An entry @27.48. This is a Buy Stop order right above the resistance zone. | An exit @26.63. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.85 points, which is 3.09%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- The distance between exit and entry is rather small compared to the average daily movement of BMRC. 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.
27.24
-0.05 (-0.18%)
BANK OF MARIN BANCORP/CA / BMRC FAQ
What is the ChartMill technical rating of BANK OF MARIN BANCORP/CA (BMRC) stock?
ChartMill assigns a technical rating of 6 / 10 to BMRC.
What is the current trend direction of BANK OF MARIN BANCORP/CA (BMRC) stock?
The current trend direction for BANK OF MARIN BANCORP/CA (BMRC) is Bullish.
What is the RSI signal for BANK OF MARIN BANCORP/CA (BMRC) stock?
BANK OF MARIN BANCORP/CA (BMRC) has an RSI value of 52.4772. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BANK OF MARIN BANCORP/CA?
BANK OF MARIN BANCORP/CA (BMRC) has a support level at 27.08 and a resistance level at 27.33. Check the full technical report for our detailed analysis of BMRC support and resistance levels.