B. Riley Principal Merger Corp II Cl A (BMRG) Technical Analysis
NYSE:BMRG
Current stock price
BMRG Technical Rating and Analysis
Overall BMRG gets a technical rating of 6 out of 10. In the last year, BMRG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, BMRG is a bad performer in the overall market: 100% of all stocks are doing better.
- The long and short term trends are both positive. This is looking good!
- In the last month BMRG has a been trading in the 9.95 - 11.01 range, which is quite wide. It is currently trading near the high of this range.
- BMRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BMRG is lagging the market.
- Volume is considerably higher in the last couple of days.
BMRG Weekly and Daily overview Charts
BMRG Setup Rating and Analysis
BMRG has an average technical rating and it also does not offer a high quality setup 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
BMRG Support and Resistance Analysis
9.84
When analyzing the support we notice one important area.
- A support zone ranging from 9.94 to 10.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.83 to 10.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
BMRG Technical Indicator Signal Analysis
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 BMRG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BMRG is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BMRG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BMRG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BMRG is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 73.23 | OVERBOUGHT | The high RSI value suggests BMRG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BMRG has a positive trend. |
| Stochastics (14,3) | 80.21 | OVERBOUGHT | The high Stochastics value suggests BMRG may be overbought. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for BMRG suggests low volalility. |
BMRG Chart- and CandleStick Pattern Analysis
BMRG Technicals: Chart, Performance Metrics, Trend & Indicators
B. Riley Principal Merger Corp II Cl A
NYSE:BMRG (11/16/2020, 8:12:08 PM)
After market: 10.8 +0.12 (+1.12%)10.68
-0.14 (-1.29%)
B. Riley Principal Merger Corp II Cl A / BMRG TA FAQ
What is the technical rating for BMRG stock?
ChartMill assigns a technical rating of 6 / 10 to BMRG.
What is the trend direction for BMRG stock?
The current trend direction for B. Riley Principal Merger Corp II Cl A (BMRG) is Bullish.
What is the RSI signal for B. Riley Principal Merger Corp II Cl A (BMRG) stock?
B. Riley Principal Merger Corp II Cl A (BMRG) has an RSI value of 73.232. This indicates that the stock is currently overbought.
What is the short term momentum for B. Riley Principal Merger Corp II Cl A (BMRG) stock?
The short term momentum for B. Riley Principal Merger Corp II Cl A (BMRG) is positive.
What is the buy/sell signal for BMRG stock?
The buy/sell signal for B. Riley Principal Merger Corp II Cl A (BMRG) is buy as both the short term and long term trends are positive.