BOVIE MEDICAL CORP (BVX) Stock Technical Analysis
NYSEARCA:BVX - NYSE Arca - US10211F1003
Overall BVX gets a technical rating of 7 out of 10. BVX 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.
Looking at the yearly performance, BVX did better than 98% of all other 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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
7.02
We found 3 important support areas.
- 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.
When analyzing the resistance we notice 2 important areas.
- 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. |
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)
NYSEARCA:BVX (12/31/2018, 8:04:02 PM)
6.48
+0.07 (+1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.09%
1 Week25.83%
2 Weeks-3.43%
1 Month-6.76%
3 Month0.78%
6 Month29.86%
12 Month151.16%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%8.81%
ATR Inc-30.54%
Range Today0.36
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.82
Mansfield5.43
10 Day High6.71
10 Day Low4.89
20 Day High7.7
20 Day Low4.89
52 Week High7.7
52 Week Low2.28
CS1 End6.47
CR1 Start6.49
Volume & EV
DER(3)8.99%
DER(5)1.56%
Volume129.50K
Volume Incr-50.27%
Vol(5)118.14K
Vol(50)172.89K