BIOMARIN PHARMACEUTICAL INC (BMRN) Technical Analysis
NASDAQ:BMRN • US09061G1013
We assign a technical rating of 6 out of 10 to BMRN. Although BMRN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, BMRN is a bad performer in the overall market: 64% of all stocks are doing better.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- In the last month BMRN has a been trading in the 57.26 - 66.28 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- BMRN has an average volume of 2196900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BMRN is part of the Biotechnology industry. There are 519 other stocks in this industry, BMRN did better than 50% of them.
- BMRN is currently trading in the middle 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 slightly.
Although the technical rating is only medium, BMRN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 59.06, a Stop Loss order could be placed below this zone.
More info and screens
52.09
We found 3 important support areas.
- A support zone ranging from 59.02 to 59.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.58 to 54.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.09 to 64.09. 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 | UP | POSITIVE | The long term trend for BMRN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BMRN is neutral. |
| ChartMill Relative Strength | 36.18 | 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) | UP | POSITIVE | The current price of BMRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.94 | NEUTRAL | The RSI value for BMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests BMRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.34 | NEUTRAL | The Stochastics value for BMRN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for BMRN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.14 | NEGATIVE | The low ADX value for BMRN suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 64.10 | 59.01 | 5.09 (7.94%) | 12.59% |
| An entry @64.10. This is a Buy Stop order right above the resistance zone. | An exit @59.01. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.09 points, which is 7.94%. | When investing 12.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BMRN Technicals: Chart, Performance Metrics, Trend & Indicators
61.12
+0.55 (+0.91%)
BIOMARIN PHARMACEUTICAL INC / BMRN FAQ
Can you provide the ChartMill technical rating for BIOMARIN PHARMACEUTICAL INC?
ChartMill assigns a technical rating of 6 / 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 54.9372. 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 -0.248928, 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.