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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 2024-05-21 View latest technical analysis

10 day averaged volume of Biomerica Inc is 216686

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	0.66	0.66	0.66	0.62	0.246 times
20 Mon May 2024	0.66	0.69	0.69	0.65	0.319 times
17 Fri May 2024	0.67	0.62	0.68	0.61	0.615 times
16 Thu May 2024	0.61	0.59	0.63	0.58	0.178 times
15 Wed May 2024	0.61	0.62	0.63	0.57	0.715 times
14 Tue May 2024	0.60	0.58	0.61	0.58	0.276 times
13 Mon May 2024	0.60	0.51	0.61	0.51	5.06 times
10 Fri May 2024	0.59	0.61	0.61	0.56	0.218 times
09 Thu May 2024	0.61	0.59	0.61	0.57	0.295 times
08 Wed May 2024	0.59	0.56	0.60	0.56	0.408 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 0.7 as stoploss in an intra day sell trade for a target of 0.62. However, stock will show a bullish move above 0.7.

Share price targets for Biomerica Inc (BMRA)

Target Type	Value
Downside Target	0.50
Downside Target	0.51
Downside Target	0.54
Downside Target	0.62
Downside Target	0.64
Downside Target	0.66
Upside Target	0.68
Upside Target	0.79
Upside Target	0.81
Upside Target	0.82
Upside Target	0.91
Upside Target	1.25
Upside Target	1.32
Upside Target	1.35

Intraday share price targets for Biomerica Inc (BMRA)

Target Type	Value
Downside Intraday Target	0.62
Downside Intraday Target	0.59
Upside Intraday Target	0.69
Upside Intraday Target	0.73
Downside Intraday Target	0.66

Weekly technical analysis of Biomerica Inc (BMRA)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	0.66	0.69	0.69	0.62	0.083 times
17 Fri May 2024	0.67	0.51	0.68	0.51	1.852 times
10 Fri May 2024	0.59	0.56	0.64	0.54	0.09 times
03 Fri May 2024	0.56	0.73	0.79	0.50	9.009 times
26 Fri Apr 2024	0.67	0.73	0.80	0.66	3.057 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
21 Tue May 2024	0.66	0.56	0.69	0.51	0.35 times
30 Tue Apr 2024	0.60	0.89	0.91	0.50	10.992 times
28 Thu Mar 2024	0.83	1.22	1.25	0.82	0.65 times
29 Thu Feb 2024	1.22	0.93	1.35	0.81	0.448 times

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Biomerica Inc ( (BMRA) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY signal for Biomerica Inc in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Biomerica Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 0.61 and Biomerica Inc (BMRA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.