BLUEPRINT MEDICINES CORP (BPMC) Stock Technical Analysis
NASDAQ:BPMC - Nasdaq - US09627Y1091 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to BPMC. Both in the recent history as in the last year, BPMC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
BPMC is part of the Biotechnology industry. There are 560 other stocks in this industry. BPMC outperforms 82% of them.
BPMC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
BPMC has an average volume of 3676300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BPMC is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month BPMC has a been trading in a tight range between 127.86 and 129.49.
Although BPMC 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
80.94
130.63
We found 5 important support areas.
- A support zone ranging from 128.10 to 128.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @109.49 from a trend line in the daily time frame.
- Support @96.62 from a horizontal line in the daily time frame.
- Support @86.68 from a trend line in the weekly time frame.
- A support zone ranging from 81.76 to 82.47. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 129.31 to 129.34. 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 BPMC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BPMC is up. |
| ChartMill Relative Strength | 87.84 | POSITIVE | BPMC has a high relative strength, it outperformed 87.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BPMC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BPMC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BPMC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.7 | OVERBOUGHT | The high RSI value suggests BPMC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.97 | NEGATIVE | The MACD value suggests BPMC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.16 | OVERBOUGHT | The high Stochastics value suggests BPMC may be overbought. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for BPMC suggests low volalility. |
| Average Directional Index/ADX (14) | 50.39 | POSITIVE | The high ADX value value for BPMC 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)
129.3
-0.03 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.02%
1 Week0.74%
2 Weeks0.9%
1 Month1.06%
3 Month59.95%
6 Month47.89%
12 Month9.78%
2 Year95.91%
3 Year153.23%
5 Year76.69%
10 Year378.53%
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%0.25%
ATR Inc141.77%
Range Today0.35
ADR(20)0.29
ADR(20)%0.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.84
Mansfield2.2
10 Day High129.49
10 Day Low128.06
20 Day High129.49
20 Day Low127.86
52 Week High129.49
52 Week Low73.04
CS1 End128.52
CR1 Start129.31
Volume & EV
DER(3)3.16%
DER(5)2.28%
Volume3.57M
Volume Incr-3.47%
Vol(5)3.49M
Vol(50)3.68M