BM TECHNOLOGIES INC (BMTX) Stock Technical Analysis
USA - NYSEARCA:BMTX - US05591L1070 - Common Stock
Overall BMTX gets a technical rating of 10 out of 10. 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.
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
3.92
We found 2 important support 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.
We found 1 important resistance 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.
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. |
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BM TECHNOLOGIES INC / BMTX FAQ
Can you provide the ChartMill technical rating for BM TECHNOLOGIES INC?
ChartMill assigns a technical rating of 10 / 10 to BMTX.
What is the current trend direction of BM TECHNOLOGIES INC (BMTX) stock?
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 MACD signal for BM TECHNOLOGIES INC (BMTX) stock?
The MACD indicator for BM TECHNOLOGIES INC (BMTX) has a value of -0.00399212, indicating a bearish trend.
What are the support and resistance levels for BM TECHNOLOGIES INC (BMTX) stock?
BM TECHNOLOGIES INC (BMTX) has a support level at 4.75 and a resistance level at 5.01. Check the full technical report for our detailed analysis of BMTX support and resistance levels.