BNGO Technical Signal Analysis
BNGO have 4 buy signals and 3 sell signals now. The current trend is uptrend starting from 2025-03-31. The total price change during this trend is +34.41%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of BNGO over last 5 trading day is $340,898.29
4 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
0.45
Bullish
Closing price
close > fibonacci_R1
3.75
Bullish
Moving Average
Price crosses above 10-day SMA
--
Bullish
Moving Average
Price crosses above 20-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.96
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.55
Bearish
Williams %R (14 days)
WILLR_14 > -20
-13.01
Bearish
4 Bullish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
0.45
Bullish
Closing price
close > fibonacci_R1
3.75
Bullish
Moving Average
Price crosses above 10-day SMA
--
Bullish
Moving Average
Price crosses above 20-day SMA
--
Bullish
BNGO Support and Resistance Level
The support levels for BNGO are at 2.79, 2.5, and 2.03, while the resistance levels are at 3.73, 4.02, and 4.49. With the current stock price at 3.75, it is leaning more toward the resistance levels.
BNGO Technical Analysis
Technical Analysis of BNGO Stock
**Current Price and Key Metrics:
- Price: $3.24 (as of 2025-03-21)
- Volume: 74,646
- Market State: Closed
Technical Indicators:
- RSI (6, 12, 14): 18.05, 22.95, 24.71 (Oversold)
- Stochastic Oscillator: %K=5.82, %D=4.75 (Oversold)
- MACD: -0.84 (Bearish)
- Fibonacci Levels:
- Pivot: $3.59
- Resistance: $3.97, $4.21, $4.60
- Support: $3.20, $2.96, $2.57
Moving Averages:
- 5-day SMA: $3.31
- 10-day SMA: $3.43
- 20-day SMA: $3.87
- 50-day SMA: $7.64
- 200-day SMA: $21.58
Analysis:
The stock is in oversold territory based on RSI and Stochastic Oscillator, suggesting a potential reversal. However, the MACD remains bearish, indicating continued downward pressure. The price is below key moving averages, and volume has decreased, indicating weak buying interest.
Recommendation:
Sell BNGO at the current price of $3.24. Target support levels, particularly if the price breaks below $3.20. While oversold conditions may lead to a short-term bounce, the overall trend remains bearish.
BNGO FAQs
Which bull technical signals does BNGO have?
Which bearish technical signals does BNGO have?
How reliable is technical analysis?
How can I use moving averages to set entry and exit points for BNGO stock?
Is BNGO a buy based on overall technical signals summary?
BNGO Buy or Sell
BNGO has 4 buy signals and 3 sell signals now. Overall the technical rating for BNGO is Neutral.
Neutral
Sell
3
Buy
4
BNGO Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 3.75 above the SMA_5. In the short term, the stock shows a negative trend with the 3.12 below the SMA_20. In the mid term, the stock shows a negative trend with the 3.39 below the SMA_60. In the long term, the stock shows a positive trend with the 6.09 above the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
Free Financial AI Agent for Investment
Ask any investment related question and get answer instantly
What do technical indicators suggest about BNGO's current trend?What are BNGO's key support and resistance levels?