Technical Analysis for BIOL - Biolase, Inc.

Grade Last Price % Change Price Change
F 0.02 -72.46% -0.05
BIOL closed down 72.46 percent on Wednesday, October 2, 2024, on 1.3 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
New 52 Week Closing Low Bearish 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Expansion Breakdown Bearish Swing Setup 0.00%
New 52 Week Low Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Wide Bands Range Expansion 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Hammer Candlestick Bullish -72.46%

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Profile

Biolase, Inc. Description

BIOLASE, Inc., a biomedical company, develops, manufactures, and markets lasers in dentistry and medicine in the Unites States and internationally. The company offers Waterlase systems for cutting soft and hard tissue; and diode laser systems, which are used in soft tissue, pain therapy, and cosmetic procedures, such as teeth whitening. Its dental laser systems allow dentists, periodontists, endodontists, oral surgeons, and other specialists to perform a range of dental procedures, including cosmetic and complex surgical applications. The company also markets and distributes dental imaging equipment comprising extra-oral and intra-oral dental digital imaging devices, as well as provides precision intuitive diagnosis and treatment planning solutions. In addition, it offers medical systems comprising Diolase 10 Diode Laser for therapeutic applications consisting of temporary pain relief; topical heating for the purpose of temporarily relieving minor muscle and joint pain and stiffness, minor arthritis pain, muscle spasm, minor sprains and strains, and minor muscular back pain; temporarily increasing local blood circulation; and temporarily relaxing muscles. Further, the company manufactures and sells disposable products and accessories for laser systems, as well as markets flexible fibers and hand pieces. BIOLASE, Inc. has a strategic agreement with Valam Corporation to develop, market, and sell office-based laser systems to otolaryngologists. The company was formerly known as BIOLASE Technology, Inc. and changed its name to BIOLASE, Inc. in 2012. BIOLASE, Inc. was founded in 1984 and is headquartered in Irvine, California.


Classification

Sector: Healthcare
Industry: Medical Instruments & Supplies
Keywords: Medicine Pain Laser Disposable Products Digital Imaging Disposable Product Dentist Laser System Back Pain Laser Medicine Dentistry Dental Equipment Muscle Spasm Oral And Maxillofacial Surgery Surgical Applications Therapeutic Applications Dental Laser Diode Laser Systems Endodontics Joint Pain

Is BIOL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 9.48
52 Week Low 0.0185
Average Volume 2,348,441
200-Day Moving Average 0.70
50-Day Moving Average 0.13
20-Day Moving Average 0.09
10-Day Moving Average 0.06
Average True Range 0.02
RSI (14) 29.08
ADX 34.64
+DI 13.82
-DI 38.56
Chandelier Exit (Long, 3 ATRs) 0.09
Chandelier Exit (Short, 3 ATRs) 0.09
Upper Bollinger Bands 0.17
Lower Bollinger Band 0.00
Percent B (%b) 0.09
BandWidth 189.40
MACD Line -0.03
MACD Signal Line -0.02
MACD Histogram -0.002
Fundamentals Value
Market Cap 64.9 Thousand
Num Shares 3.42 Million
EPS -150.55
Price-to-Earnings (P/E) Ratio 0.00
Price-to-Sales 0.03
Price-to-Book 5.14
PEG Ratio -0.22
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.08
Resistance 3 (R3) 0.08 0.07 0.07
Resistance 2 (R2) 0.07 0.05 0.07 0.06
Resistance 1 (R1) 0.04 0.05 0.04 0.04 0.06
Pivot Point 0.03 0.03 0.03 0.03 0.03
Support 1 (S1) 0.01 0.02 0.00 0.00 -0.02
Support 2 (S2) -0.01 0.01 -0.01 -0.02
Support 3 (S3) -0.03 -0.01 -0.03
Support 4 (S4) -0.04