BEAM THERAPEUTICS INC (BEAM) Stock Technical Analysis
NASDAQ:BEAM - Nasdaq - US07373V1052 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to BEAM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BEAM is only an average performer.
The long and short term trends are both positive. This is looking good!
BEAM is one of the better performing stocks in the Biotechnology industry, it outperforms 74% of 571 stocks in the same industry.
In the last month BEAM has a been trading in the 24.32 - 35.25 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BEAM has an average volume of 1252490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, BEAM outperforms 64% of them, which is more or less in line with the market.
BEAM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BEAM is lagging the market.
Although BEAM 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
21.05
32.72
We found 5 important support areas.
- A support zone ranging from 30.16 to 30.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.16 to 24.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.58 from a horizontal line in the daily time frame.
- Support @22.79 from a trend line in the weekly time frame.
- A support zone ranging from 21.26 to 21.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @32.40 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.8
Mansfield0.65
10 Day High35.25
10 Day Low25.35
20 Day High35.25
20 Day Low24.32
52 Week High49.5
52 Week Low20.84
Performance
1 Week6.36%
2 Weeks10.05%
1 Month15.75%
3 Month21.48%
6 Month13.5%
12 Month-10.47%
2 Year-24.38%
3 Year-61.16%
5 Year35.3%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.56
RSI(14)57.12
LBB23.43
UBB34.91
30.43
-2.71 (-8.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-8.18%
1 Week6.36%
2 Weeks10.05%
1 Month15.75%
3 Month21.48%
6 Month13.5%
12 Month-10.47%
2 Year-24.38%
3 Year-61.16%
5 Year35.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.18
ATR(20)%6.59%
ATR Inc31.85%
Range Today3.72
ADR(20)1.94
ADR(20)%6.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.8
Mansfield0.65
10 Day High35.25
10 Day Low25.35
20 Day High35.25
20 Day Low24.32
52 Week High49.5
52 Week Low20.84
CS1 End30.42
CR1 Start32.4
Volume & EV
DER(3)-5.31%
DER(5)-2.58%
Volume1.88M
Volume Incr109.64%
Vol(5)2.02M
Vol(50)1.25M