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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.

10 day averaged volume of Biomerica Inc is 1036470

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	0.59	0.56	0.60	0.56	0.085 times
07 Tue May 2024	0.57	0.59	0.64	0.55	0.4 times
06 Mon May 2024	0.59	0.56	0.61	0.54	0.18 times
03 Fri May 2024	0.56	0.62	0.65	0.51	0.255 times
02 Thu May 2024	0.60	0.63	0.63	0.59	0.148 times
01 Wed May 2024	0.63	0.56	0.64	0.56	0.607 times
30 Tue Apr 2024	0.60	0.55	0.66	0.55	0.81 times
29 Mon Apr 2024	0.53	0.73	0.79	0.50	6.752 times
26 Fri Apr 2024	0.67	0.70	0.70	0.66	0.092 times
25 Thu Apr 2024	0.68	0.73	0.73	0.66	0.119 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.6, but if it comes above 0.6, then a intra day buy could be more profitable.
If you take a sell trade below 0.6, then use 0.6 as stoploss and 0.5 as target. However if you take a buy trade in stock , then use 0.6 as stoploss and 0.68 as target.

Share price targets for Biomerica Inc (BMRA)

Target Type	Value
Downside Target	0.50
Downside Target	0.51
Downside Target	0.54
Upside Target	0.64
Upside Target	0.73
Upside Target	0.79
Upside Target	0.82
Upside Target	0.83
Upside Target	0.89
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	0.54
Downside Intraday Target	0.49
Upside Intraday Target	0.64
Upside Intraday Target	0.69
Downside Intraday Target	0.59

Weekly technical analysis of Biomerica Inc (BMRA)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	0.59	0.56	0.64	0.54	0.078 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
19 Fri Apr 2024	0.73	0.82	0.83	0.73	0.718 times
12 Fri Apr 2024	0.83	0.86	0.89	0.81	1.61 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
08 Wed May 2024	0.59	0.56	0.65	0.51	0.176 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 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 neutral. A longer time frame might give a better analysis.

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

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 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 moving up

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

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 0.55 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 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.