Overall BMRN gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BMRN is a bad performer.
Besides having an excellent technical rating, BMRN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
50.94
We found 2 important support areas.
- Support @52.32 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 60.71 to 61.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @63.69 from a horizontal line in the daily time frame.
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 BMRN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BMRN is up. |
| ChartMill Relative Strength | 36.97 | 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) | 61.35 | NEUTRAL | The RSI value for BMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests BMRN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.1 | NEUTRAL | The Stochastics value for BMRN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for BMRN suggests some volalility. |
| Average Directional Index/ADX (14) | 31 | POSITIVE | The high ADX value value for BMRN suggests a strong trend. |
59.43
+0.44 (+0.75%)
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 Bullish.
Can you provide the RSI signal for BIOMARIN PHARMACEUTICAL INC?
BIOMARIN PHARMACEUTICAL INC (BMRN) has an RSI value of 61.3519. 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 0.50668, 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.