BIOSIG TECHNOLOGIES INC (BSGM) Stock Technical Analysis
NASDAQ:BSGM - US09073N3008 - Common Stock
5.27 USD
-0.03 (-0.57%)
5.38 USD
+0.11 (+2.09%)
Taking everything into account, BSGM scores 7 out of 10 in our technical rating. Both in the recent history as in the last year, BSGM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
BSGM is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry. BSGM outperforms 98% of them.
In the last month BSGM has a been trading in the 3.63 - 5.65 range, which is quite wide. It is currently trading near the high of this range.
BSGM has an average volume of 1150410 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 BSGM is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, BSGM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.28. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for BSGM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.19
10.13
2 important support areas can be observed.
- Support @4.71 from a horizontal line in the daily time frame.
- A support zone ranging from 4.23 to 4.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.28 to 5.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.49 from a horizontal line in the daily time frame.
- Resistance @10.03 from a trend line in the weekly time frame.
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 | 97.75 | POSITIVE | BSGM has a high relative strength, it outperformed 97.75% 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) | DOWN | NEGATIVE | The current price of BSGM is below a declining 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) | 52.95 | NEUTRAL | The RSI value for BSGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests BSGM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.26 | OVERBOUGHT | The high Stochastics value suggests BSGM may be overbought. |
| Average True Range in percent/ATR (20) | 10.57 | HIGH VOLATILITY | The high ATR as a percentage value for BSGM suggests high volalility. |
| Average Directional Index/ADX (14) | 13.22 | NEGATIVE | The low ADX value for BSGM suggests a weak or negative 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)
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 |
|---|---|---|---|
| 5.29 | 4.70 | 0.59 (11.15%) | 8.97% |
| An entry @5.29. This is a Buy Stop order right above the resistance zone. | An exit @4.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.59 points, which is 11.15%. | For a 1.00% total portfolio risk, you can invest 8.97% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BSGM. 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.
5.27
-0.03 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.57%
1 Week9.56%
2 Weeks12.85%
1 Month18.69%
3 Month-5.89%
6 Month464.42%
12 Month273.76%
2 Year-66%
3 Year-46.63%
5 Year-94.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%10.57%
ATR Inc-14.47%
Range Today0.47
ADR(20)0.56
ADR(20)%10.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.75
Mansfield8.79
10 Day High5.65
10 Day Low4.35
20 Day High5.65
20 Day Low3.63
52 Week High14.11
52 Week Low0.4
CS1 End4.71
CR1 Start5.28
Volume & EV
DER(3)5.99%
DER(5)6.28%
Volume699.10K
Volume Incr-30.73%
Vol(5)629.30K
Vol(50)1.15M