BIOMARIN PHARMACEUTICAL INC (BMRN) Technical Analysis
NASDAQ:BMRN • US09061G1013
Current stock price
BMRN Technical Rating and Analysis
Overall BMRN gets a technical rating of 0 out of 10. BMRN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, BMRN is a bad performer in the overall market: 81% of all stocks are doing better.
- BMRN is one of the lesser performing stocks in the Biotechnology industry. 61% of 517 stocks in the same industry do better.
- BMRN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BMRN is lagging the market.
- In the last month BMRN has a been trading in the 54.78 - 66.28 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- BMRN has an average volume of 2222760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
BMRN Weekly and Daily overview Charts
BMRN Setup Rating and Analysis
The technical rating of BMRN is bad and it also does not present a 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
BMRN Support and Resistance Analysis
50.94
2 important support areas can be observed.
- Support @52.62 from a horizontal line in the daily time frame.
- A support zone ranging from 51.45 to 51.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 58.39 to 58.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @61.13 from a horizontal line in the daily time frame.
- Resistance @62.67 from a trend line in the weekly time frame.
BMRN 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 | NEUTRAL | NEUTRAL | The long term trend for BMRN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BMRN is down. |
| ChartMill Relative Strength | 19.14 | NEGATIVE | BMRN has a low relative strength, it was outperformed by 80.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BMRN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BMRN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BMRN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.12 | NEUTRAL | The RSI value for BMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.76 | NEGATIVE | The MACD value suggests BMRN has a negative trend. |
| Stochastics (14,3) | 5.23 | OVERSOLD | The low Stochastics value suggests BMRN may be oversold. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for BMRN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.77 | NEGATIVE | The low ADX value for BMRN suggests a weak or negative trend. |
BMRN Chart- and CandleStick Pattern Analysis
BMRN Technicals: Chart, Performance Metrics, Trend & Indicators
55.03
-0.4 (-0.72%)
BIOMARIN PHARMACEUTICAL INC / BMRN TA FAQ
Can you provide the ChartMill technical rating for BIOMARIN PHARMACEUTICAL INC?
ChartMill assigns a technical rating of 0 / 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 31.1194. 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 -0.764641, 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 negative.