BIOMARIN PHARMACEUTICAL INC (BMRN)       112.2  -0.64 (-0.57%)

112.2  -0.64 (-0.57%)

US09061G1013 - Common Stock - After market: 112.2 0 (0%)

Technical Rating

8

Overall BMRN gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BMRN is only an average performer.



The long and short term trends are both positive. This is looking good!
BMRN is one of the better performing stocks in the Biotechnology industry, it outperforms 85% of 640 stocks in the same industry.
BMRN is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so BMRN slightly outperforms the market at the moment.
BMRN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BMRN has an average volume of 1583900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BMRN did better than 93% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Statistics

1 Month 3 Months 6 Months 12 Months 5.00% 36.02% 17.09% 26.59% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 93.77 70.73 - 117.77
BMRN Weekly chart
BMRN Daily chart

Support/Resistance Analysis


73.00

118.44
When analyzing the support we can see 5 important areas.
  • Support @100.61 from a horizontal line in the daily time frame.
  • A support zone ranging from 86.02 to 86.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @82.87 from a horizontal line in the daily time frame.
  • Support @75.48 from a horizontal line in the weekly time frame.
  • Support @73.74 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
  • A resistance zone ranging from 112.64 to 112.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 117.27 to 117.27. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

Although BMRN has an excellent technical rating, it does not offer a high quality setup 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.


BMRN Daily chart

BIOMARIN PHARMACEUTICAL INC112.2

NASDAQ:BMRN (2/3/2023, 7:28:06 PM)-0.64 (-0.57%)

After market: 112.2 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology

Performance
Today -0.57% 1 Week -4.32%
2 Weeks 1.31% 1 Month 5%
3 Month 36.02% 6 Month 17.09%

Volatility
ATR(14) 2.2 ATR(20)% 2.35%
ATR Inc 68.49% Range Today 2.38

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 93.77 Mansfield 2.22
10 Day High 117.77 10 Day Low 110.2
20 Day High 117.77 20 Day Low 105.95
52 Week High 117.77 52 Week Low 70.73
CS1 End 100.61 CR1 Start 112.64

Volume & EV
DER(3) 1.16% DER(5) 0.28%
Volume 1.06M Volume Incr -12.99%
Vol(5) 1.43M Vol(50) 1.58M

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