BIOSIG TECHNOLOGIES INC (BSGM) Stock Technical Analysis
NASDAQ:BSGM - Nasdaq - US09073N3008 - Common Stock - Currency: USD
Overall BSGM gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
BSGM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month BSGM has a been trading in the 4.05 - 14.11 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, BSGM did better than 99% of all other stocks. We also observe that the gains produced by BSGM over the past year are nicely spread over this period.
BSGM is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 98% of 187 stocks in the same industry.
BSGM has an average volume of 1278510 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.
Considerably lower volume is observed in the last couple of days.
Although BSGM has an excellent technical rating, the quality of the presented setup is not ideal 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
4.24
4.47
When analyzing the support we notice one important area.
- A support zone ranging from 4.28 to 4.28. 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 | DOWN | NEGATIVE | The short term trend for BSGM is down. |
| ChartMill Relative Strength | 99.36 | POSITIVE | BSGM has a high relative strength, it outperformed 99.36% 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) | 41.78 | NEUTRAL | The RSI value for BSGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests BSGM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.31 | OVERSOLD | The low Stochastics value suggests BSGM may be oversold. |
| Average True Range in percent/ATR (20) | 28.39 | HIGH VOLATILITY | The high ATR as a percentage value for BSGM suggests high volalility. |
| Average Directional Index/ADX (14) | 18.35 | 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)
4.43
+0.14 (+3.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg3.26%
1 Week-3.06%
2 Weeks-23.09%
1 Month-61.65%
3 Month128.35%
6 Month387.46%
12 Month570.2%
2 Year-71.42%
3 Year-55.13%
5 Year-95.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%28.39%
ATR Inc-46.02%
Range Today0.3
ADR(20)1.24
ADR(20)%28.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.36
Mansfield7.37
10 Day High6.45
10 Day Low4.05
20 Day High14.11
20 Day Low4.05
52 Week High14.11
52 Week Low0.4
CS1 End4.28
CR1 StartN/A
Volume & EV
DER(3)-4.09%
DER(5)-6.05%
Volume322.31K
Volume Incr-67.88%
Vol(5)528.20K
Vol(50)1.28M