BMRN breaks below prior session low


Technical Analysis Report for BMRN - May 17, 2018 [< 1 min read]
Highlights
BMRN breaks below previous session low
TQ Sentiment
Technical Forecast:
Overview

BMRN finished Thursday at 88.43 losing $1.09 (-1.22%) on low volume. Closing below Wednesday's low at 88.57, the market confirms its breakout through the prior session's low having traded $0.95 below it intraday.

Daily chart for BMRN
Volatility

Thursday's trading range was $1.67 (1.88%), that's below last trading month's daily average range of $2.29. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average.

Trend

While still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Order Flow

Buying could speed up should prices move above the close-by swing high at 89.98 where further buy stops might get activated.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Closed below last periods low TQ Pro Members Only
Close to Swing High TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when BioMarin Pharmaceutical Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

NATGAS 2.9580.028 0.96%
NDX 6,953.6360.01 0.87%
TBOND 142.4381.094 0.77%
DXY 93.9000.405 0.43%
SPX 2,733.298.85 0.32%
CRUDE 71.83-0.30 -0.42%
GBPUSD 1.3347-0.0083 -0.62%
EURUSD 1.1697-0.0081 -0.69%
USDJPY 110.08-0.82 -0.74%
NKY 22,437.01-252.73 -1.11%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.