BIOMARIN PHARMACEUTICAL INC (BMRN) Technical Analysis
NASDAQ:BMRN • US09061G1013
Current stock price
BMRN Technical Rating and Analysis
Overall BMRN gets a technical rating of 1 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 80% of all other stocks performed better in the past year than BMRN.
- BMRN is one of the lesser performing stocks in the Biotechnology industry. 62% of 516 stocks in the same industry do better.
- BMRN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BMRN has a been trading in the 53.71 - 57.76 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- BMRN has an average volume of 2089850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BMRN Weekly and Daily overview Charts
BMRN Setup Rating and Analysis
Although the technical rating is bad, BMRN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 52.62, a Stop Loss order could be placed below this zone.
More info and screens
BMRN Support and Resistance Analysis
52.09
When analyzing the support we notice one important area.
- Strong support @52.62 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 54.59 to 56.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 57.25 to 57.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @60.91 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 | DOWN | NEGATIVE | The long term trend for BMRN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BMRN is down. |
| ChartMill Relative Strength | 20.03 | NEGATIVE | BMRN has a low relative strength, it was outperformed by 79.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BMRN is below the rising 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) | 41.03 | NEUTRAL | The RSI value for BMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BMRN has a negative trend. |
| Stochastics (14,3) | 19.74 | OVERSOLD | The low Stochastics value suggests BMRN may be oversold. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for BMRN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.69 | NEUTRAL | The ADX value for BMRN suggests a possible start of a new trend. |
BMRN Chart- and CandleStick Pattern Analysis
BMRN Technicals: Chart, Performance Metrics, Trend & Indicators
54.15
-0.47 (-0.86%)
BIOMARIN PHARMACEUTICAL INC / BMRN TA FAQ
Can you provide the ChartMill technical rating for BIOMARIN PHARMACEUTICAL INC?
ChartMill assigns a technical rating of 1 / 10 to BMRN.
What is the trend direction for BMRN stock?
The current trend direction for BIOMARIN PHARMACEUTICAL INC (BMRN) is Bearish.
What is the RSI signal for BMRN stock?
BIOMARIN PHARMACEUTICAL INC (BMRN) has an RSI value of 41.0329. 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 -0.00448426, indicating a bearish trend.
What is the buy/sell signal for BMRN stock?
The buy/sell signal for BIOMARIN PHARMACEUTICAL INC (BMRN) is sell as both the short term and long term trends are negative.