BIOSIG TECHNOLOGIES INC (BSGM) Stock Technical Analysis
NASDAQ:BSGM - Nasdaq - US09073N3008 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to BSGM. In the last year, BSGM was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month BSGM has a been trading in the 4.07 - 14.11 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
When comparing the yearly performance of all stocks, we notice that BSGM is one of the better performing stocks in the market, outperforming 99% of all stocks.
BSGM is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 100% of 187 stocks in the same industry.
BSGM has an average volume of 1224490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
BSGM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BSGM is lagging the market.
Although BSGM 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
5.17
5.54
When analyzing the support we notice one important area.
- A support zone ranging from 5.22 to 5.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 5.47 to 5.49. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for BSGM is down. |
| ChartMill Relative Strength | 99.81 | POSITIVE | BSGM has a high relative strength, it outperformed 99.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BSGM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BSGM is below 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) | 43.3 | NEUTRAL | The RSI value for BSGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.54 | NEGATIVE | The MACD value suggests BSGM has a negative trend. |
| Stochastics (14,3) | 7.81 | OVERSOLD | The low Stochastics value suggests BSGM may be oversold. |
| Average True Range in percent/ATR (20) | 29.04 | HIGH VOLATILITY | The high ATR as a percentage value for BSGM suggests high volalility. |
| Average Directional Index/ADX (14) | 37.09 | 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)
5.46
+0.23 (+4.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg4.4%
1 Week-52.73%
2 Weeks-28.72%
1 Month-20.98%
3 Month841.38%
6 Month370.69%
12 Month780.65%
2 Year-55.61%
3 Year-32.59%
5 Year-92.96%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.86
ATR(20)%29.04%
ATR Inc-27.85%
Range Today1.53
ADR(20)1.56
ADR(20)%28.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.81
Mansfield13.5
10 Day High14.11
10 Day Low4.07
20 Day High14.11
20 Day Low4.07
52 Week High14.11
52 Week Low0.4
CS1 End5.22
CR1 Start5.47
Volume & EV
DER(3)-3.19%
DER(5)-5.71%
Volume2.33M
Volume Incr199.67%
Vol(5)3.06M
Vol(50)1.22M