BM TECHNOLOGIES INC (BMTX) Technical Analysis
NYSEARCA:BMTX • US05591L1070
Current stock price
BMTX Technical Rating and Analysis
Taking everything into account, BMTX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BMTX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BMTX did better than 95% of all other stocks. We also observe that the gains produced by BMTX over the past year are nicely spread over this period.
- BMTX is one of the better performing stocks in the Financial Services industry, it outperforms 100% of 98 stocks in the same industry.
- A new 52 week high is currently being made by BMTX, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so BMTX is leading the market.
- In the last month BMTX has a been trading in the 4.84 - 5.16 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
BMTX Weekly and Daily overview Charts
BMTX Setup Rating and Analysis
Although BMTX has an excellent technical rating, it does not present a decent entry opportunity 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
BMTX Support and Resistance Analysis
3.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.65 to 4.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.96 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.01 to 5.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
BMTX Technical Indicator Signal Analysis
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 BMTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BMTX is up. |
| ChartMill Relative Strength | 95.39 | POSITIVE | BMTX has a high relative strength, it outperformed 95.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BMTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BMTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BMTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.53 | OVERBOUGHT | The high RSI value suggests BMTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BMTX has a negative trend. |
| Stochastics (14,3) | 80.95 | OVERBOUGHT | The high Stochastics value suggests BMTX may be overbought. |
| Average True Range in percent/ATR (20) | 1 | LOW VOLATILITY | The low ATR as a percentage value for BMTX suggests low volalility. |
| Average Directional Index/ADX (14) | 57.74 | POSITIVE | The high ADX value value for BMTX suggests a strong trend. |
BMTX Chart- and CandleStick Pattern Analysis
BMTX Technicals: Chart, Performance Metrics, Trend & Indicators
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BM TECHNOLOGIES INC / BMTX TA FAQ
Can you provide the ChartMill technical rating for BM TECHNOLOGIES INC?
ChartMill assigns a technical rating of 10 / 10 to BMTX.
Can you provide the trend direction for BM TECHNOLOGIES INC?
The current trend direction for BM TECHNOLOGIES INC (BMTX) is Bullish.
What is the RSI signal for BMTX stock?
BM TECHNOLOGIES INC (BMTX) has an RSI value of 72.5266. This indicates that the stock is currently overbought.
What is the short term momentum for BMTX stock?
The short term momentum for BM TECHNOLOGIES INC (BMTX) is positive.
Can you provide the buy/sell signal for BM TECHNOLOGIES INC?
The buy/sell signal for BM TECHNOLOGIES INC (BMTX) is buy as both the short term and long term trends are positive.