BADGER METER INC (BMI) Technical Analysis
NYSE:BMI • US0565251081
Current stock price
BMI Technical Rating and Analysis
Taking everything into account, BMI scores 1 out of 10 in our technical rating. BMI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 81% of all other stocks performed better in the past year than BMI.
- BMI is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 70% of 124 stocks in the same industry do better.
- BMI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BMI is lagging the market.
- In the last month BMI has a been trading in the 143.16 - 157.52 range, which is quite wide. It is currently trading near the high of this range.
BMI Weekly and Daily overview Charts
BMI Setup Rating and Analysis
Although the technical rating is bad, BMI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 156.74. Right above this resistance zone may be a good entry point.
More info and screens
BMI Support and Resistance Analysis
142.85
We found 2 important support areas.
- A support zone ranging from 149.78 to 152.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 144.29 to 145.80. 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 156.74 to 156.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 172.32 to 172.54. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 179.40 to 181.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @189.29 from a horizontal line in the daily time frame.
- Resistance @193.09 from a horizontal line in the daily time frame.
BMI 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 BMI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BMI is neutral. |
| ChartMill Relative Strength | 19.95 | NEGATIVE | BMI has a low relative strength, it was outperformed by 80.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BMI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BMI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BMI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.92 | NEUTRAL | The RSI value for BMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.06 | POSITIVE | The MACD value suggests BMI has a positive trend. |
| Stochastics (14,3) | 81.5 | OVERBOUGHT | The high Stochastics value suggests BMI may be overbought. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for BMI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.41 | NEGATIVE | The low ADX value for BMI suggests a weak or negative trend. |
BMI Chart- and CandleStick Pattern Analysis
BMI Technicals: Chart, Performance Metrics, Trend & Indicators
156.73
+2.52 (+1.63%)
BADGER METER INC / BMI TA FAQ
What is the technical rating for BMI stock?
ChartMill assigns a technical rating of 1 / 10 to BMI.
Can you provide the trend direction for BADGER METER INC?
The current trend direction for BADGER METER INC (BMI) is Bearish.
What is the RSI signal for BMI stock?
BADGER METER INC (BMI) has an RSI value of 56.9244. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BADGER METER INC?
The MACD indicator for BADGER METER INC (BMI) has a value of 1.06492, indicating a bullish trend.
Can you provide the support and resistance levels for BADGER METER INC?
BADGER METER INC (BMI) has a support level at 152.86 and a resistance level at 156.74. Check the full technical report for our detailed analysis of BMI support and resistance levels.