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(BMRA) Biomerica Inc complete technical analysis [charts+indicators] | Buy/Sell Biomerica Inc | (BMRA) share price targets

Complete technical analysis of Biomerica Inc (BMRA) by charts plus indicators, forecast predictions and share price targets for Biomerica Inc (BMRA)

Biomerica Inc trades in USA in Health Care sector.

Showing technical analysis as on 2024-02-07 View latest technical analysis

10 day averaged volume of Biomerica Inc is 39830

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	0.86	0.84	0.93	0.84	3.241 times
06 Tue Feb 2024	0.86	0.86	0.88	0.84	0.811 times
05 Mon Feb 2024	0.83	0.90	0.90	0.83	2.347 times
02 Fri Feb 2024	0.91	0.92	0.93	0.90	0.904 times
01 Thu Feb 2024	0.91	0.93	0.96	0.90	1.308 times
31 Wed Jan 2024	0.93	0.91	0.94	0.91	0.439 times
30 Tue Jan 2024	0.93	0.93	0.96	0.89	1.125 times
29 Mon Jan 2024	0.96	0.89	0.96	0.89	0.969 times
26 Fri Jan 2024	0.90	0.92	0.92	0.88	0.916 times
25 Thu Jan 2024	0.92	0.98	0.99	0.91	0.608 times

Stock of Biomerica Inc (BMRA) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.9, but if it comes above 0.9, then a intra day buy could be more profitable.
If you take a sell trade below 0.9, then use 0.9 as stoploss and 0.8 as target. However if you take a buy trade in stock , then use 0.9 as stoploss and 0.92 as target.

Share price targets for Biomerica Inc (BMRA)

Target Type	Value
Downside Target	0.70
Downside Target	0.77
Downside Target	0.81
Downside Target	0.83
Upside Target	0.88
Upside Target	0.91
Upside Target	0.93
Upside Target	0.96
Upside Target	0.99
Upside Target	1.00
Upside Target	1.01
Upside Target	1.16
Upside Target	1.32
Upside Target	2.13

Intraday share price targets for Biomerica Inc (BMRA)

Target Type	Value
Downside Intraday Target	0.82
Downside Intraday Target	0.77
Upside Intraday Target	0.92
Upside Intraday Target	0.97
Upside Intraday Target	0.87

Weekly technical analysis of Biomerica Inc (BMRA)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	0.86	0.90	0.93	0.83	1.349 times
02 Fri Feb 2024	0.91	0.89	0.96	0.89	1.062 times
26 Fri Jan 2024	0.90	0.91	0.99	0.88	1.015 times
19 Fri Jan 2024	0.91	0.95	1.00	0.88	1.646 times
12 Fri Jan 2024	0.94	0.98	1.00	0.91	0.172 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Biomerica Inc (BMRA)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	0.86	0.93	0.96	0.83	0.111 times
31 Wed Jan 2024	0.93	1.22	1.32	0.81	0.043 times
29 Fri Dec 2023	1.25	0.93	2.13	0.88	105.066 times
30 Thu Nov 2023	0.93	0.95	1.01	0.77	0.407 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Biomerica Inc (BMRA)

Price action analysis of Biomerica Inc ( (BMRA) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Biomerica Inc ( (BMRA) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Biomerica Inc ( (BMRA) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Biomerica Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Biomerica Inc in short term and the sell signal is strong.

Biomerica Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Biomerica Inc in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Biomerica Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.89 and Biomerica Inc (BMRA) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Biomerica Inc (BMRA) stock. Volume based technical analysis of Biomerica Inc (BMRA) stock is negative.

Biomerica Inc Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.