BIONANO GENOMICS INC (BNGO) Stock Technical Analysis
NASDAQ:BNGO • US09075F4046
Overall BNGO gets a technical rating of 0 out of 10. BNGO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BNGO is a bad performer in the overall market: 96% of all stocks are doing better.
- BNGO is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 84% of 58 stocks in the same industry do better.
- BNGO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month BNGO has a been trading in the 1.06 - 1.75 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of BNGO is bad and it also does not present a 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.
More info and screens
1.09
We can see 3 important resistance areas.
- A resistance zone ranging from 1.10 to 1.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.30 from a trend line in the weekly time frame.
- Resistance @1.57 from a trend line in the daily time frame.
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 BNGO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BNGO is down. |
| ChartMill Relative Strength | 4.79 | NEGATIVE | BNGO has a low relative strength, it was outperformed by 95.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNGO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BNGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BNGO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.87 | OVERSOLD | The low RSI value suggests BNGO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BNGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.55 | OVERSOLD | The low Stochastics value suggests BNGO may be oversold. |
| Average True Range in percent/ATR (20) | 9.59 | HIGH VOLATILITY | The high ATR as a percentage value for BNGO suggests high volalility. |
| Average Directional Index/ADX (14) | 35.02 | POSITIVE | The high ADX value value for BNGO suggests a strong trend. |
1.1
+0.01 (+0.92%)
BIONANO GENOMICS INC / BNGO FAQ
Can you provide the ChartMill technical rating for BIONANO GENOMICS INC?
ChartMill assigns a technical rating of 0 / 10 to BNGO.
Can you provide the trend direction for BIONANO GENOMICS INC?
The current trend direction for BIONANO GENOMICS INC (BNGO) is Bearish.
Can you provide the RSI signal for BIONANO GENOMICS INC?
BIONANO GENOMICS INC (BNGO) has an RSI value of 26.8685. This indicates that the stock is currently oversold.
What is the short term momentum for BIONANO GENOMICS INC (BNGO) stock?
The short term momentum for BIONANO GENOMICS INC (BNGO) is negative.
What are the support and resistance levels for BIONANO GENOMICS INC (BNGO) stock?
BIONANO GENOMICS INC (BNGO) has a resistance level at 1.1. Check the full technical report for our detailed analysis of BNGO support and resistance levels.