BIONANO GENOMICS INC (BNGO) Stock Technical Analysis
NASDAQ:BNGO - US09075F4046 - Common Stock
4.1 USD
+0.1 (+2.5%)
4.01 USD
-0.09 (-2.2%)
We assign a technical rating of 5 out of 10 to BNGO. Recently some decent action could be observed, but in the medium term time frame this is still negative. BNGO was also a bad performer in the overall market in the last year.
96% of all other stocks performed better in the past year than BNGO.
BNGO is part of the Life Sciences Tools & Services industry. There are 54 other stocks in this industry, of which 83% are performing better than BNGO.
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 2.87 - 4.38 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BNGO has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.80
4.18
When analyzing the support we can see 2 important areas.
- Support @2.90 from a horizontal line in the weekly time frame.
- Support @2.83 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.11 to 4.14. 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 | DOWN | NEGATIVE | The long term trend for BNGO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNGO is up. |
| ChartMill Relative Strength | 4.95 | NEGATIVE | BNGO has a low relative strength, it was outperformed by 95.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BNGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNGO is above the rising 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) | 72.19 | OVERBOUGHT | The high RSI value suggests BNGO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests BNGO has a positive trend. |
| Stochastics (14,3) | 85.56 | OVERBOUGHT | The high Stochastics value suggests BNGO may be overbought. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for BNGO suggests high volalility. |
| Average Directional Index/ADX (14) | 29.77 | POSITIVE | The high ADX value value for BNGO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.1
+0.1 (+2.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg2.5%
1 Week30.16%
2 Weeks39.93%
1 Month25.38%
3 Month11.72%
6 Month-1.44%
12 Month-86.05%
2 Year-98.23%
3 Year-99.72%
5 Year-98.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%5.4%
ATR Inc90.25%
Range Today0.46
ADR(20)0.21
ADR(20)%5.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.95
Mansfield-6.08
10 Day High4.38
10 Day Low2.93
20 Day High4.38
20 Day Low2.87
52 Week High30.52
52 Week Low2.68
CS1 End2.9
CR1 Start4.11
Volume & EV
DER(3)-3.63%
DER(5)4.03%
Volume255.90K
Volume Incr158.74%
Vol(5)284.64K
Vol(50)117.05K