BANK OF MARIN BANCORP/CA (BMRC) Stock Technical Analysis
NASDAQ:BMRC - Nasdaq - US0634251021 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to BMRC. Although BMRC has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, BMRC did better than 87% of all other stocks.
BMRC is part of the Banks industry. There are 396 other stocks in this industry. BMRC outperforms 86% of them.
In the last month BMRC has a been trading in the 20.25 - 24.00 range, which is quite wide. It is currently trading near the high of this range.
BMRC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BMRC is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although BMRC has an excellent technical rating, it does not present a decent entry opportunity 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
19.45
26.84
We found 3 important support areas.
- A support zone ranging from 20.87 to 21.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.52 from a horizontal line in the daily time frame.
- A support zone ranging from 19.65 to 19.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 22.19 to 22.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.82 to 23.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @23.63 from a trend line in the weekly time frame.
- Resistance @24.88 from a trend line in the daily time frame.
- Resistance @26.57 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for BMRC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BMRC is up. |
| ChartMill Relative Strength | 87.1 | POSITIVE | BMRC has a high relative strength, it outperformed 87.1% 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) | DOWN | MIXED | The current price of BMRC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BMRC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.55 | NEUTRAL | The RSI value for BMRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BMRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.15 | NEUTRAL | The Stochastics value for BMRC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for BMRC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.51 | POSITIVE | The high ADX value value for BMRC suggests a strong 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)
21.86
-0.63 (-2.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.8%
1 Week-2.19%
2 Weeks2.58%
1 Month0.18%
3 Month-3.4%
6 Month-11.68%
12 Month48%
2 Year23.71%
3 Year-31.21%
5 Year-34.41%
10 Year-14.06%
15 Year36.92%
Volatility
ATR(14)0.86
ATR(20)%3.68%
ATR Inc88.75%
Range Today2.19
ADR(20)0.78
ADR(20)%3.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.1
Mansfield-0.37
10 Day High24
10 Day Low20.78
20 Day High24
20 Day Low20.25
52 Week High27.11
52 Week Low14.44
CS1 End21.1
CR1 Start22.19
Volume & EV
DER(3)-0.05%
DER(5)1.06%
Volume105.30K
Volume Incr34.74%
Vol(5)134.78K
Vol(50)97.38K