Technical Analysis for BMEA - Biomea Fusion, Inc.

Grade Last Price % Change Price Change
F 6.48 3.18% 0.20
BMEA closed down 2.18 percent on Wednesday, November 20, 2024, on 66 percent of normal volume. 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.
3 Watchers
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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
Wide Bands Range Expansion 3.18%
Down 3 Days in a Row Weakness 3.18%
Down 4 Days in a Row Weakness 3.18%
Oversold Stochastic Weakness 3.18%
Doji - Bullish? Reversal 0.93%
Wide Bands Range Expansion 0.93%
Down 3 Days in a Row Weakness 0.93%
Oversold Stochastic Weakness 0.93%
Wide Bands Range Expansion 0.78%
Oversold Stochastic Weakness 0.78%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout 9 minutes ago
Up 3% 9 minutes ago
Down 2 % about 3 hours ago
Down 1% about 3 hours ago
Up 2% about 3 hours ago

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Profile

Biomea Fusion, Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of irreversible small molecules to treat patients with genetically defined cancers. Its lead product candidate is BMF-219, an orally bioavailable, potent, and selective irreversible inhibitor of MENIN, a transcriptional regulator in oncogenic signaling in multiple cancers. The company was founded in 2017 and is based in Redwood City, California.
Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Biopharmaceutical Cancer

Is BMEA a Buy, Sell or Hold?

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

Comments

T

TraderMike over 1 year ago

I found this on the "Calm After Storm" scan today (I also like the NR7 & Doji).  These little biotechs are always interesting after having a big pop based on some good/promising news.  The standard plan seems to be to immediately issue a secondary offering -- which BMEA did.  So now I'm looking for it to climb back above that offering price of $30 and retest the March high.

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Indicators

Indicator Value
52 Week High 22.74
52 Week Low 3.61
Average Volume 840,671
200-Day Moving Average 10.09
50-Day Moving Average 9.45
20-Day Moving Average 8.79
10-Day Moving Average 7.23
Average True Range 0.70
RSI (14) 22.48
ADX 35.86
+DI 13.38
-DI 34.72
Chandelier Exit (Long, 3 ATRs) 10.74
Chandelier Exit (Short, 3 ATRs) 8.15
Upper Bollinger Bands 12.69
Lower Bollinger Band 4.90
Percent B (%b) 0.18
BandWidth 88.58
MACD Line -1.01
MACD Signal Line -0.70
MACD Histogram -0.3136
Fundamentals Value
Market Cap 224.23 Million
Num Shares 35.7 Million
EPS -3.33
Price-to-Earnings (P/E) Ratio -1.89
Price-to-Sales 0.00
Price-to-Book 3.18
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.05
Resistance 3 (R3) 7.05 6.80 6.92
Resistance 2 (R2) 6.80 6.61 6.80 6.87
Resistance 1 (R1) 6.54 6.48 6.42 6.54 6.83
Pivot Point 6.29 6.29 6.23 6.29 6.29
Support 1 (S1) 6.03 6.10 5.91 6.03 5.73
Support 2 (S2) 5.78 5.97 5.78 5.69
Support 3 (S3) 5.52 5.78 5.64
Support 4 (S4) 5.52