BioMarin Pharmaceutical Inc (NASDAQ:BMRN) Heffx Trading Review
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
By the way, prices are vulnerable to a correction towards 88.55.
The projected upper bound is: 95.68.
The projected lower bound is: 86.28.
The projected closing price is: 90.98.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 20 white candles and 30 black candles for a net of 10 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 52.1087. This is not an overbought or oversold reading. The last signal was a buy 15 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 51.99. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 30 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 22. This is not a topping or bottoming area. The last signal was a sell 3 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 3 period(s) ago.
Rex Takasugi – TD Profile
BIOMARIN PHARM closed down -1.810 at 90.820. Volume was 10% above average (neutral) and Bollinger Bands were 47% narrower than normal.
Open High Low Close Volume___
92.190 92.240 90.310 90.820 1,391,283
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 91.36 88.44 88.99
Volatility: 32 34 33
Volume: 1,416,092 1,220,841 1,302,527
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
BIOMARIN PHARM is currently 2.1% above its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of BMRN.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on BMRN.O and have had this outlook for the last 2 periods.
Latest posts by HEFFX Australia (see all)
- Singapore: DBS Group Holdings Ltd (DBSM:SI) Heffx Stock Technicals - May 23, 2018
- Singapore: STI Index (.STI) Bearish Trend - May 23, 2018
- Singapore: Thai Beverage PCL (TBEV:SI) Stock Worth Watching - May 23, 2018