BIOSIG TECHNOLOGIES INC (BSGM) Stock Technical Analysis
NASDAQ:BSGM - Nasdaq - US09073N3008 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to BSGM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BSGM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
BSGM is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry. BSGM outperforms 100% of them.
BSGM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BSGM is lagging the market slightly.
In the last month BSGM has a been trading in the 2.28 - 8.80 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.
Looking at the yearly performance, BSGM did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BSGM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.84
7.41
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.34 to 7.34. 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 BSGM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BSGM is up. |
| ChartMill Relative Strength | 99.82 | POSITIVE | BSGM has a high relative strength, it outperformed 99.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BSGM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BSGM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BSGM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.42 | NEUTRAL | The RSI value for BSGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BSGM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.88 | NEUTRAL | The Stochastics value for BSGM is a neutral value. |
| Average True Range in percent/ATR (20) | 19.19 | HIGH VOLATILITY | The high ATR as a percentage value for BSGM suggests high volalility. |
| Average Directional Index/ADX (14) | 62.46 | POSITIVE | The high ADX value value for BSGM 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)
6.91
+0.21 (+3.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg3.13%
1 Week20.38%
2 Weeks36.83%
1 Month154.04%
3 Month1026.32%
6 Month370.07%
12 Month415.67%
2 Year-39.39%
3 Year-39.91%
5 Year-83.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.62
ATR(20)%19.19%
ATR Inc-39.09%
Range Today0.72
ADR(20)1.31
ADR(20)%18.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.82
Mansfield31.67
10 Day High8.8
10 Day Low4.39
20 Day High8.8
20 Day Low2.28
52 Week High8.8
52 Week Low0.26
CS1 EndN/A
CR1 Start7.34
Volume & EV
DER(3)-3.87%
DER(5)-4.7%
Volume971.10K
Volume Incr46.56%
Vol(5)1.55M
Vol(50)755.98K