BVS Technical Analysis - BIOVENTUS INC - A

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to BVS. BVS'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.

90% of all other stocks performed better in the past year than BVS.

BVS is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 62% of 191 stocks in the same industry do better.

BVS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month BVS has a been trading in the 6.25 - 7.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BIOVENTUS INC - A / BVS Weekly stock chart

BIOVENTUS INC - A / BVS Daily stock chart

Setup Rating and Analysis

BVS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.07

7.10

We found 2 important support areas.

Support @6.55 from a trend line in the weekly time frame.
A support zone ranging from 6.13 to 6.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 6.70 to 6.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 7.02 to 7.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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 BVS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BVS is down.
ChartMill Relative Strength	10.93	NEGATIVE	BVS has a low relative strength, it was outperformed by 89.07% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BVS is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BVS is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BVS is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.23	NEUTRAL	The RSI value for BVS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests BVS has a negative trend, although the MACD value is rising.
Stochastics (14,3)	34.09	NEUTRAL	The Stochastics value for BVS is a neutral value.
Average True Range in percent/ATR (20)	4.2	MEDIUM VOLATILITY	The ATR as a percentage value for BVS suggests some volalility.
Average Directional Index/ADX (14)	12.58	NEGATIVE	The low ADX value for BVS suggests a weak or negative trend.