Taking everything into account, BVX scores 7 out of 10 in our technical rating. In the last year, BVX was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- When comparing the yearly performance of all stocks, we notice that BVX is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, BVX also shows a nice and consistent pattern of rising prices.
- BVX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BVX is lagging the market slightly.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month BVX has a been trading in the 4.89 - 7.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although BVX has an excellent technical rating, it does not offer a high 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
4.96
3 important support areas can be observed.
- A support zone ranging from 6.42 to 6.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.17 from a trend line in the weekly time frame.
- A support zone ranging from 5.01 to 5.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @6.49 from a horizontal line in the daily time frame.
- Resistance @6.95 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 | NEUTRAL | NEUTRAL | The long term trend for BVX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BVX is neutral. |
| ChartMill Relative Strength | 98.82 | POSITIVE | BVX has a high relative strength, it outperformed 98.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BVX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BVX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BVX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.25 | NEUTRAL | The RSI value for BVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BVX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.13 | NEUTRAL | The Stochastics value for BVX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.81 | HIGH VOLATILITY | The high ATR as a percentage value for BVX suggests high volalility. |
NYSEARCA:BVX (12/31/2018, 8:04:02 PM)
6.48
+0.07 (+1.09%)
BOVIE MEDICAL CORP / BVX FAQ
What is the technical rating for BVX stock?
ChartMill assigns a technical rating of 6 / 10 to BVX.
What is the current trend direction of BOVIE MEDICAL CORP (BVX) stock?
The current trend direction for BOVIE MEDICAL CORP (BVX) is Bearish.
Can you provide the RSI signal for BOVIE MEDICAL CORP?
BOVIE MEDICAL CORP (BVX) has an RSI value of 54.2523. This indicates that the stock is currently neutral.
What is the short term momentum for BVX stock?
The short term momentum for BOVIE MEDICAL CORP (BVX) is neutral.
Can you provide the support and resistance levels for BOVIE MEDICAL CORP?
BOVIE MEDICAL CORP (BVX) has a support level at 6.47 and a resistance level at 6.49. Check the full technical report for our detailed analysis of BVX support and resistance levels.