We assign a technical rating of 8 out of 10 to BMRC. 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.
Besides having an excellent technical rating, BMRC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 26.52, 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
19.49
When analyzing the support we can see 4 important areas.
- A support zone ranging from 26.01 to 26.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.01 to 25.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.47 to 23.53. 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.
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 | UP | POSITIVE | The short term trend for BMRC is up. |
| ChartMill Relative Strength | 72.7 | POSITIVE | BMRC has a high relative strength, it outperformed 72.7% off all stocks 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) | 63.29 | NEUTRAL | The RSI value for BMRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BMRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.75 | OVERBOUGHT | The high Stochastics value suggests BMRC may be overbought. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for BMRC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.14 | NEUTRAL | The ADX value for BMRC suggests a possible start of a new 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 | 26.00 | 1.48 (5.39%) | 18.57% |
| An entry @27.48. This is a Buy Stop order right above the 10 day high. | An exit @26.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.48 points, which is 5.39%. | For a 1.00% total portfolio risk, you can invest 18.57% of your capital in this trade. |
- 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.
27.07
+0.38 (+1.42%)
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 8 / 10 to BMRC.
What is the trend direction for 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 63.2921. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BANK OF MARIN BANCORP/CA?
The MACD indicator for BANK OF MARIN BANCORP/CA (BMRC) has a value of 0.0577208, indicating a bearish trend.
What is the buy/sell signal for BANK OF MARIN BANCORP/CA (BMRC) stock?
The buy/sell signal for BANK OF MARIN BANCORP/CA (BMRC) is buy as both the short term and long term trends are positive.