BIOMARIN PHARMACEUTICAL INC (BMRN) Stock Technical Analysis
NASDAQ:BMRN - US09061G1013 - Common Stock
58.58 USD
+0.51 (+0.88%)
58.58 USD
0 (0%)
Taking everything into account, BMRN scores 1 out of 10 in our technical rating. BMRN 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.
89% of all other stocks performed better in the past year than BMRN.
BMRN is one of the lesser performing stocks in the Biotechnology industry. 60% of 549 stocks in the same industry do better.
BMRN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month BMRN has a been trading in the 56.36 - 63.97 range, which is quite wide. It is currently trading near the lows of this range.
BMRN has an average volume of 2197710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BMRN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 58.39, a Stop Loss order could be placed below this zone.
More info and screens
53.53
83.84
When analyzing the support we can see 4 important areas.
- A support zone ranging from 57.52 to 58.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.56 from a horizontal line in the daily time frame.
- A support zone ranging from 54.99 to 55.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.07 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- Resistance @59.02 from a horizontal line in the weekly time frame.
- Resistance @60.34 from a trend line in the daily time frame.
- Resistance @61.94 from a horizontal line in the daily time frame.
- Resistance @63.69 from a horizontal line in the daily time frame.
- Resistance @83.01 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 | DOWN | NEGATIVE | The long term trend for BMRN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BMRN is neutral. |
| ChartMill Relative Strength | 11.58 | NEGATIVE | BMRN has a low relative strength, it was outperformed by 88.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BMRN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BMRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BMRN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.49 | NEUTRAL | The RSI value for BMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests BMRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.22 | NEUTRAL | The Stochastics value for BMRN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for BMRN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.16 | NEGATIVE | The low ADX value for BMRN suggests a weak or negative trend. |
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)
58.58
+0.51 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.88%
1 Week1.81%
2 Weeks2.18%
1 Month-0.73%
3 Month1.79%
6 Month-14.17%
12 Month-34.93%
2 Year-35.89%
3 Year-34.33%
5 Year-24.93%
10 Year-54.67%
15 Year188.71%
Volatility
ATR(14)1.8
ATR(20)%2.98%
ATR Inc-39.24%
Range Today1.11
ADR(20)1.72
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.58
Mansfield-1.8
10 Day High59.09
10 Day Low56.45
20 Day High63.97
20 Day Low56.36
52 Week High93.04
52 Week Low52.93
CS1 End58.39
CR1 Start59.02
Volume & EV
DER(3)1.42%
DER(5)0.91%
Volume1.65M
Volume Incr-37.08%
Vol(5)1.59M
Vol(50)2.20M