BIONANO GENOMICS INC (BNGO) Stock Technical Analysis
USA - NASDAQ:BNGO - US09075F4046 - Common Stock
We assign a technical rating of 0 out of 10 to BNGO. BNGO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
1.50
We found 1 important resistance area.
- A resistance zone ranging from 1.62 to 1.63. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 1.29 | NEGATIVE | BNGO has a low relative strength, it was outperformed by 98.71% 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) | 31.01 | NEUTRAL | The RSI value for BNGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BNGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.04 | OVERSOLD | The low Stochastics value suggests BNGO may be oversold. |
| Average True Range in percent/ATR (20) | 6.24 | HIGH VOLATILITY | The high ATR as a percentage value for BNGO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.89 | POSITIVE | The high ADX value value for BNGO suggests a strong trend. |
1.52
+0.05 (+3.4%)
BIONANO GENOMICS INC / BNGO FAQ
What is the technical rating for BNGO stock?
ChartMill assigns a technical rating of 0 / 10 to BNGO.
What is the trend direction for BNGO stock?
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 31.0144. This indicates that the stock is currently neutral.
What is the buy/sell signal for BNGO stock?
The buy/sell signal for BIONANO GENOMICS INC (BNGO) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for BIONANO GENOMICS INC?
BIONANO GENOMICS INC (BNGO) has a resistance level at 1.62. Check the full technical report for our detailed analysis of BNGO support and resistance levels.