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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 2024-08-20 View latest technical analysis

10 day averaged volume of Biomerica Inc is 51645

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	0.42	0.35	0.42	0.33	6.233 times
19 Mon Aug 2024	0.32	0.32	0.33	0.32	1.116 times
16 Fri Aug 2024	0.31	0.31	0.34	0.31	1.156 times
15 Thu Aug 2024	0.31	0.32	0.33	0.31	0.596 times
14 Wed Aug 2024	0.31	0.31	0.32	0.30	0.932 times
13 Tue Aug 2024	0.31	0.30	0.31	0.30	0.631 times
12 Mon Aug 2024	0.31	0.34	0.35	0.28	1.768 times
09 Fri Aug 2024	0.33	0.31	0.33	0.29	1.551 times
08 Thu Aug 2024	0.30	0.30	0.30	0.29	0.36 times
07 Wed Aug 2024	0.30	0.32	0.35	0.29	1.079 times

Stock of Biomerica Inc (BMRA) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 0.4, for a target of 0.4 or 0.32

Share price targets for Biomerica Inc (BMRA)

Target Type	Value
Downside Target	0.24
Downside Target	0.27
Downside Target	0.28
Downside Target	0.32
Downside Target	0.35
Downside Target	0.36
Downside Target	0.40
Downside Target	0.42
Upside Target	0.47
Upside Target	0.50
Upside Target	0.51
Upside Target	0.62
Upside Target	0.69
Upside Target	0.91

Intraday share price targets for Biomerica Inc (BMRA)

Target Type	Value
Downside Intraday Target	0.35
Downside Intraday Target	0.29
Upside Intraday Target	0.45
Upside Intraday Target	0.49
Downside Intraday Target	0.39

Weekly technical analysis of Biomerica Inc (BMRA)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	0.42	0.32	0.42	0.32	1.446 times
16 Fri Aug 2024	0.31	0.34	0.35	0.28	0.964 times
09 Fri Aug 2024	0.33	0.27	0.35	0.24	0.852 times
02 Fri Aug 2024	0.28	0.36	0.36	0.27	1.867 times
26 Fri Jul 2024	0.35	0.34	0.36	0.32	0.753 times

Price has moved up 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
20 Tue Aug 2024	0.42	0.33	0.42	0.24	0.943 times
31 Wed Jul 2024	0.33	0.43	0.47	0.28	0.728 times
28 Fri Jun 2024	0.44	0.58	0.62	0.40	0.441 times
31 Fri May 2024	0.58	0.56	0.69	0.51	0.388 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 moving up

CCI has generated a buy signal for Biomerica Inc in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 0.36 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.