Technical Analysis for BMEA - Biomea Fusion, Inc.

Grade Last Price % Change Price Change
F 13.24 7.03% 0.87
BMEA closed up 7.03 percent on Wednesday, May 15, 2024, on 87 percent of normal volume. It ran into resistance at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Up

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
BB Squeeze Ended Range Expansion 0.00%
Above Upper BB Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Pocket Pivot Bullish Swing Setup 7.03%
Bollinger Band Squeeze Range Contraction 7.03%
Earnings Movers Other 7.03%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 11 hours ago
60 Minute Opening Range Breakout about 14 hours ago
Rose Above Previous Day's High about 17 hours ago
Rose Above Upper Bollinger Band about 17 hours ago
Up 5% about 17 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 about 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 43.64
52 Week Low 8.125
Average Volume 1,062,500
200-Day Moving Average 14.37
50-Day Moving Average 13.32
20-Day Moving Average 11.38
10-Day Moving Average 11.88
Average True Range 0.96
RSI (14) 57.98
ADX 19.13
+DI 26.58
-DI 19.54
Chandelier Exit (Long, 3 ATRs) 10.45
Chandelier Exit (Short, 3 ATRs) 13.10
Upper Bollinger Bands 12.84
Lower Bollinger Band 9.92
Percent B (%b) 1.14
BandWidth 25.67
MACD Line -0.26
MACD Signal Line -0.57
MACD Histogram 0.3005
Fundamentals Value
Market Cap 472.74 Million
Num Shares 35.7 Million
EPS -3.33
Price-to-Earnings (P/E) Ratio -3.98
Price-to-Sales 0.00
Price-to-Book 3.18
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.46
Resistance 3 (R3) 14.36 13.84 14.26
Resistance 2 (R2) 13.84 13.53 13.90 14.19
Resistance 1 (R1) 13.54 13.34 13.69 13.65 14.12
Pivot Point 13.03 13.03 13.10 13.08 13.03
Support 1 (S1) 12.73 12.72 12.88 12.83 12.36
Support 2 (S2) 12.21 12.52 12.27 12.29
Support 3 (S3) 11.91 12.21 12.22
Support 4 (S4) 12.02