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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 2024-02-08 View latest technical analysis

10 day averaged volume of Biomerica Inc is 50460

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	0.85	0.85	0.89	0.81	1.256 times
07 Wed Feb 2024	0.86	0.84	0.93	0.84	2.558 times
06 Tue Feb 2024	0.86	0.86	0.88	0.84	0.64 times
05 Mon Feb 2024	0.83	0.90	0.90	0.83	1.853 times
02 Fri Feb 2024	0.91	0.92	0.93	0.90	0.713 times
01 Thu Feb 2024	0.91	0.93	0.96	0.90	1.033 times
31 Wed Jan 2024	0.93	0.91	0.94	0.91	0.347 times
30 Tue Jan 2024	0.93	0.93	0.96	0.89	0.888 times
29 Mon Jan 2024	0.96	0.89	0.96	0.89	0.765 times
26 Fri Jan 2024	0.90	0.92	0.92	0.88	0.723 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 0.8, for a target of 0.9 or 0.92

Share price targets for Biomerica Inc (BMRA)

Target Type	Value
Downside Target	0.70
Downside Target	0.77
Downside Target	0.81
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	0.8
Downside Intraday Target	0.74
Upside Intraday Target	0.92
Upside Intraday Target	0.98
Upside Intraday Target	0.86

Weekly technical analysis of Biomerica Inc (BMRA)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	0.85	0.90	0.93	0.81	1.684 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Biomerica Inc (BMRA)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	0.85	0.93	0.96	0.81	0.132 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 weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Biomerica Inc in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.88 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.