BANK OF MARIN BANCORP/CA (BMRC) Stock Technical Analysis
USA - NASDAQ:BMRC - US0634251021 - Common Stock
Overall BMRC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BMRC is only an average performer.
BMRC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 26.18. Right above this resistance zone may be a good entry point. 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 6 important areas.
- A support zone ranging from 24.63 to 24.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.14 from a horizontal line in the daily time frame.
- A support zone ranging from 23.12 to 23.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.70 to 22.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.23 from a horizontal line in the weekly time frame.
- Support @19.69 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.18 to 26.57. 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 | UP | POSITIVE | The short term trend for BMRC is up. |
| ChartMill Relative Strength | 62.94 | 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) | 59.15 | 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) | 87.8 | OVERBOUGHT | The high Stochastics value suggests BMRC may be overbought. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for BMRC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.36 | POSITIVE | The high ADX value value for BMRC suggests a strong 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 |
|---|---|---|---|
| 26.58 | 25.44 | 1.15 (4.31%) | 23.21% |
| An entry @26.58. This is a Buy Stop order right above the resistance zone. | An exit @25.43. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.15 points, which is 4.31%. | When investing 23.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
26.09
+0.05 (+0.19%)
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 59.1513. 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 0.0960891, 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.