Technical analysis from B&M European (BME.L, LON:BME) on the London Stock Exchange (LSE). Download the latest price data & trading signals

B&M European
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The biggest price range this month for BME has been $31.5000
Range Tod Vs Range Yest /
The biggest price range this month for BME has been $31.5000

BME: Range today versus range yesterday Current Signal ->(1) 17 May: BULLISH (2) 16 May: BEARISH (3) 15 May: BULLISH

The SWMA trend following signal is now active for B&M European [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is now active for B&M European [Bullish]

[BULLISH]: B&M European currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.4%.

Percentage Volume /
B&M European: Percentage Volume Oscillator (-6.24)

[BEARISH]: B&M European currently has negative PVO -6.24%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.4%.

Fibonacci Extensions /
B&M European has broken above the 161.8% extension level ($238.76) [Bearish]

B&M European: The current Fibonacci Extension levels are: (23.61%) $382.81: (38.2%) $387.95: (50%) $392.1: (61.8%) $396.25The current support levels are: (78.6%) $402.17: (100%) $409.7: (138.2%) $423.15: (161.8%) $431.45: (261.8%) $466.65: (423.61%) $523.61

Williams %R /
Oversold signal for the William %R is still current for B&M European

[BEARISH]: B&M European is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Open Tod Vs Close Tod /
B&M European opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 17.9%. This suggests the buyers have lost control.

[BEARISH]: B&M European opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 17.9%. This suggests the buyers have lost control. Over the last 12 months there has been 15 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 5.7%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 16.7%.

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Fibonacci Fans /
Limit order for a short position has been identified for B&M European @$1042.05)

B&M European: The current Fibonacci Fan levels are: (23.61%) $2296.86: (38.2%) $2327.7: (50%) $2352.6: (61.8%) $2377.5The current support levels are: (78.6%) $2413.02: (100%) $2458.2: (138.2%) $2538.9: (161.8%) $2588.7: (261.8%) $2799.9: (423.61%) $3141.66

B&M European: Sellers are in control at the market close.
Close Tod Vs Range Tod /
B&M European: Sellers are in control at the market close.

[BEARISH]: B&M European sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for B&M European adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 155 trading days with the closing price in the lower part of the range giving a confirmation ratio of 58.9%. Over the last month there has been 10 trading days with the closing price in the lower range giving a confirmation ratio of 83.3%. Currently this quarter, closing price has spent 15 days in the lower price range compared to 12 days in the upper range giving a ratio of 1.3x.

[Downtrend]: Aroon oscillator (-8) downtrend has been confirmed for BME
Aroon Oscillator /
[Downtrend]: Aroon oscillator (-8) downtrend has been confirmed for BME

[BEARISH]: B&M European has a current ARU(25) of 52 and a current ARD(25) of 60

Short Trend /
BME: Short term trend is still an Uptrend

BME: Daily Trend Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: OUTSIDE DAY CONFIRM

MACD Volume /
Volume MACD oscillator remains negative for BME

[BEARISH]: B&M European currently has negative Volume MACD of -376200. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Momentum /
B&M European currently has negative momentum of -3.7

[BEARISH]: B&M European currently has negative momentum of -3.7 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.4%.The largest downward momentum rally for the last 3 months is 14 days producing a return of -8.3%.

Triangular Moving Average(5) signal continues for B&M European indicating downward price movement is likely
Triangular Moving Average /
Triangular Moving Average(5) signal continues for B&M European indicating downward price movement is likely

BME: TMA Current Signal -> (1) 17 May: BEARISH (2) 16 May: BEARISH (3) 15 May: BEARISH

The biggest upward movement for B&M European this month has been 1.9
Close Tod Vs Close Yest /
The biggest upward movement for B&M European this month has been 1.9

[BULLISH]: B&M Europeanbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for BME adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 1.9 & the greatest daily positive change this year has been 5.1. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 8.2%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 2.5%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 0.900000%

Simple Moving Average /
[Uptrend]: Recent trading for BME confirms bullish SMA(5) signal

[BULLISH]: B&M European currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.4%.

Exponential Moving Average /
[Bullish]: EMA(5) is serving as a support line for B&M European

[BULLISH]: B&M European currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.4%.

Price Range /
B&M European has reached a higher range ($5.6)

[BULLISH]: B&M European current uptrend in the first timeframe. Currently, the Range is $5.6.

Daily trading has increased the bull power to drive prices for B&M European
Elder Ray Index /
Daily trading has increased the bull power to drive prices for B&M European

[BEARISH]: B&M European Elder Ray Index is signalling a Bearish movementERI is -3.888 indicating bear power. Prices are being driven below the consensus of value for BME during the last trading session [Selling Pressure]

B&M European is still oversold with the Stochastic Oscillator @17.3
Stochastic Oscillator /
B&M European is still oversold with the Stochastic Oscillator @17.3

[BULLISH]: B&M European is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

B&M European has moved above the R1 DeMark pivot point ($382.65) [Bullish]
Demarks Pivot Points /
B&M European has moved above the R1 DeMark pivot point ($382.65) [Bullish]

B&M European has broken the first DeMark resistance point ($382.6500) [Bullish]. Look for a long limit order entry near this point. Exit price for BME should be set @$385.7 & Stoploss for B&M European should be set at $380.1

Chaikin Money Flow /
CMF signal undefined from zero line for BME

BME: Chaikin Oscillator Recent Trading -> (1) 17 May: 0.03 (2) 16 May: 0.05 (3) 15 May: 0.06

Average Directional Movement /
[Weak Trend]: Average Directional Index @24.48 has confirmed a weak trend for BME

BME: Average Directional Index Recent Trading -> (1) 17 May: 24.48 (2) 16 May: 25.25 (3) 15 May: 25.39

High Price /
Recent trading for B&M European has surpassed the previous high by 0.8 %

BME: HIGH Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: BULLISH

Long Trend /
B&M European: 3rd timeframe trend Uptrend remains intact

[BULLISH]: B&M European has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 20 2018.

DVI: Distribution still active for B&M European
Daily Volume Index /
DVI: Distribution still active for B&M European

[BEARISH]: B&M European current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -3831.

BME Basic Candle: White
White Candle /
BME Basic Candle: White

[BULLISH]: B&M European has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Volume Rate of Change /
Negative VROC: Price is lower for B&M European than 14 days ago

[BEARISH]: B&M European currently has negative rate of change of -82%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.4%.

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