Overall BMRN gets a technical rating of 2 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.
- 68% of all other stocks performed better in the past year than BMRN.
- 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.
- BMRN has an average volume of 2865660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- BMRN is an average performer in the Biotechnology industry, it outperforms 53% of 525 stocks in the same industry.
- In the last month BMRN has a been trading in the 54.06 - 61.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BMRN has a poor technical rating and the quality of the setup is also not perfect 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
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.
We can see 3 important resistance areas.
- A resistance zone ranging from 58.49 to 58.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
- 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 | NEUTRAL | NEUTRAL | The long term trend for BMRN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BMRN is neutral. |
| ChartMill Relative Strength | 32.52 | NEUTRAL | BMRN is not amongst the best or worst performers 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) | 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) | 49.44 | NEUTRAL | The RSI value for BMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests BMRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.13 | NEUTRAL | The Stochastics value for BMRN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for BMRN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.18 | NEUTRAL | The ADX value for BMRN suggests a possible start of a new trend. |
56.77
+0.46 (+0.82%)
BIOMARIN PHARMACEUTICAL INC / BMRN FAQ
Can you provide the ChartMill technical rating for BIOMARIN PHARMACEUTICAL INC?
ChartMill assigns a technical rating of 2 / 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 49.4429. 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 -0.534065, 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 neutral.