BIOREM INC (BRM.CA) Stock Technical Analysis
TSX-V:BRM - TSX Venture Exchange - CA09068G1046 - Common Stock - Currency: CAD
Overall BRM gets a technical rating of 8 out of 10. In the last year, BRM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
BRM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.27, a Stop Loss order could be placed below this zone.
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1.89
3 important support areas can be observed.
- A support zone ranging from 2.23 to 2.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.03 from a trend line in the daily time frame.
- Support @1.91 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.46 to 2.46. 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 BRM.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRM.CA is up. |
| ChartMill Relative Strength | 74.9 | POSITIVE | BRM.CA has a high relative strength, it outperformed 74.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRM.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRM.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BRM.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.86 | NEUTRAL | The RSI value for BRM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BRM.CA has a positive trend. |
| Stochastics (14,3) | 71.72 | NEUTRAL | The Stochastics value for BRM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.59 | HIGH VOLATILITY | The high ATR as a percentage value for BRM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.49 | NEUTRAL | The ADX value for BRM.CA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.47 | 2.22 | 0.25 (10.12%) | 9.88% |
| An entry @2.47. This is a Buy Stop order right above the resistance zone. | An exit @2.22. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.25 points, which is 10.12%. | For a 1.00% total portfolio risk, you can invest 9.88% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BRM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:BRM (7/14/2025, 7:00:00 PM)
2.45
+0.08 (+3.38%)