BIOSIG TECHNOLOGIES INC (BSGM) Stock Technical Analysis
USA - NASDAQ:BSGM - US09073N3008 - Common Stock
6.1 USD
+1.65 (+37.08%)
6.4001 USD
+0.3 (+4.92%)
Taking everything into account, BSGM scores 5 out of 10 in our technical rating. BSGM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
BSGM is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. BSGM outperforms 99% of them.
In the last month BSGM has a been trading in the 3.83 - 6.12 range, which is quite wide. It is currently trading near the high of this range.
BSGM has an average volume of 1174380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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.
BSGM has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.14
6.17
We found 1 important support area.
- Support @4.18 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.11 to 6.11. 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 | NEUTRAL | NEUTRAL | The long term trend for BSGM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BSGM is neutral. |
| ChartMill Relative Strength | 97.09 | POSITIVE | BSGM has a high relative strength, it outperformed 97.09% 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 | MIXED | The current price of BSGM is above 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) | 63.63 | NEUTRAL | The RSI value for BSGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BSGM has a positive trend. |
| Stochastics (14,3) | 49.53 | NEUTRAL | The Stochastics value for BSGM is a neutral value. |
| Average True Range in percent/ATR (20) | 9.96 | HIGH VOLATILITY | The high ATR as a percentage value for BSGM suggests high volalility. |
| Average Directional Index/ADX (14) | 12.48 | 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)
6.1
+1.65 (+37.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg37.08%
1 Week33.48%
2 Weeks27.62%
1 Month32.61%
3 Month-4.54%
6 Month894.3%
12 Month256.73%
2 Year-51.2%
3 Year-7.29%
5 Year-91.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%9.96%
ATR Inc150.42%
Range Today1.76
ADR(20)0.61
ADR(20)%9.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.09
Mansfield10.69
10 Day High6.12
10 Day Low3.83
20 Day High6.12
20 Day Low3.83
52 Week High14.11
52 Week Low0.4
CS1 End4.18
CR1 Start6.11
Volume & EV
DER(3)10.53%
DER(5)4.58%
Volume3.14M
Volume Incr61.67%
Vol(5)1.34M
Vol(50)1.17M