NASDAQ:BMRN - US09061G1013 - Common Stock
Taking everything into account, BMRN scores 2 out of 10 in our technical rating. BMRN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BMRN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 59.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BMRN in the last couple of days, which is a good sign.
53.53
4 important support areas can be observed.
We can see 4 important resistance areas.
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 | NEUTRAL | NEUTRAL | The short term trend for BMRN is neutral. |
ChartMill Relative Strength | 14.39 | NEGATIVE | BMRN has a low relative strength, it was outperformed by 85.61% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BMRN is above 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 | NEGATIVE | The current price of BMRN is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 54.7 | NEUTRAL | The RSI value for BMRN is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BMRN has a positive trend. |
Stochastics (14,3) | 69.67 | NEUTRAL | The Stochastics value for BMRN is a neutral value. |
Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for BMRN suggests some volalility. |
Average Directional Index/ADX (14) | 15.14 | NEGATIVE | The low ADX value for BMRN suggests a weak or negative trend. |
59.09
+0.82 (+1.41%)