Taking everything into account, BMRN scores 7 out of 10 in our technical rating. In the last year, BMRN was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month BMRN has a been trading in the 54.06 - 60.79 range, which is quite wide. It is currently trading near the high of this range.
- BMRN has an average volume of 2445600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, BMRN outperforms 44% of them, which is more or less in line with the market.
- BMRN is an average performer in the Biotechnology industry, it outperforms 54% of 523 stocks in the same industry.
- BMRN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BMRN is lagging the market.
Although BMRN has an excellent technical rating, the quality of the presented setup is not ideal 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
50.94
When analyzing the support we can see 3 important areas.
- A support zone ranging from 56.79 to 57.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.62 from a horizontal line in the daily time frame.
- A support zone ranging from 51.45 to 51.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 61.16 to 61.93. 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 | NEUTRAL | NEUTRAL | The long term trend for BMRN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BMRN is up. |
| ChartMill Relative Strength | 44.24 | NEUTRAL | BMRN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BMRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BMRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BMRN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.48 | NEUTRAL | The RSI value for BMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests BMRN has a positive trend. |
| Stochastics (14,3) | 81.35 | OVERBOUGHT | The high Stochastics value suggests BMRN may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for BMRN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.51 | NEGATIVE | The low ADX value for BMRN suggests a weak or negative trend. |
60.31
+0.65 (+1.09%)
BIOMARIN PHARMACEUTICAL INC / BMRN FAQ
Can you provide the ChartMill technical rating for BIOMARIN PHARMACEUTICAL INC?
ChartMill assigns a technical rating of 7 / 10 to BMRN.
What is the trend direction for BMRN stock?
The current trend direction for BIOMARIN PHARMACEUTICAL INC (BMRN) is Bearish.
Can you provide the RSI signal for BIOMARIN PHARMACEUTICAL INC?
BIOMARIN PHARMACEUTICAL INC (BMRN) has an RSI value of 63.4758. This indicates that the stock is currently neutral.
What is the MACD signal for BIOMARIN PHARMACEUTICAL INC (BMRN) stock?
The MACD indicator for BIOMARIN PHARMACEUTICAL INC (BMRN) has a value of 0.300332, indicating a bearish trend.
What is the short term momentum for BIOMARIN PHARMACEUTICAL INC (BMRN) stock?
The short term momentum for BIOMARIN PHARMACEUTICAL INC (BMRN) is positive.