BIOTE CORP -A (BTMD) Stock Technical Analysis
NASDAQ:BTMD - Nasdaq - US0906831039 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to BTMD. BTMD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
91% of all other stocks performed better in the past year than BTMD.
BTMD is one of the lesser performing stocks in the Pharmaceuticals industry. 65% of 197 stocks in the same industry do better.
BTMD is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BTMD is lagging the market.
In the last month BTMD has a been trading in the 3.15 - 4.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of BTMD is bad and it also does not present a quality setup 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
3.22
4.72
2 important support areas can be observed.
- Support @3.34 from a trend line in the daily time frame.
- A support zone ranging from 3.25 to 3.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 3.76 to 3.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.01 from a trend line in the daily time frame.
- Resistance @4.10 from a horizontal line in the daily time frame.
- Resistance @4.22 from a horizontal line in the daily time frame.
- Resistance @4.67 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 | DOWN | NEGATIVE | The long term trend for BTMD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTMD is down. |
| ChartMill Relative Strength | 9.98 | NEGATIVE | BTMD has a low relative strength, it was outperformed by 90.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTMD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTMD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.55 | NEUTRAL | The RSI value for BTMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BTMD has a negative trend. |
| Stochastics (14,3) | 3.06 | OVERSOLD | The low Stochastics value suggests BTMD may be oversold. |
| Average True Range in percent/ATR (20) | 7.7 | HIGH VOLATILITY | The high ATR as a percentage value for BTMD suggests high volalility. |
| Average Directional Index/ADX (14) | 21.03 | NEUTRAL | The ADX value for BTMD suggests a possible start of a new 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)
3.46
-0.14 (-3.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.76%
1 Week-7.73%
2 Weeks-13.93%
1 Month5.81%
3 Month-20.82%
6 Month-47.66%
12 Month-48.05%
2 Year-36.75%
3 Year-46.77%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%7.7%
ATR Inc-47.25%
Range Today0.15
ADR(20)0.25
ADR(20)%7.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.98
Mansfield-3.83
10 Day High4.26
10 Day Low3.46
20 Day High4.4
20 Day Low3.15
52 Week High8.44
52 Week Low3.04
CS1 End3.34
CR1 Start3.76
Volume & EV
DER(3)-7.18%
DER(5)-0.83%
Volume134.90K
Volume Incr-4.81%
Vol(5)177.92K
Vol(50)173.91K