(BMRN) Long-term investment analysis

December 2, 2024, 9:20am ET, BY Jesse F. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for BMRN

• Buy BMRN near 63.85 and target a stop loss of 71.15 at 63.67 Details

The technical summary data tells us to buy BMRN at around 63.85 with an upside target of 71.15. This data also tells us to set a stop loss at 63.67 to protect ourselves from excessive losses in case the stock starts moving against the trade. 63.85 is the first level of support below 66.03 and basically any test of support is a buy signal. In this case the support 63.85 would be tested, so a buy signal would be present.

• Short BMRN just below 71.15, target 63.85, stop loss at 71.36 Details

The technical summary data suggests a short value for BMRN as it approaches the 71.15 level and the downside target is at 63.85. However, we should have a stop loss at 71.36. 71.15 is the first resistance level above 66.03, and basically any test of resistance is a short signal. In this case, if resistance 71.15 is tested, a short signal is present.

Swing trading plans for BMRN

• Buy BMRN just above 71.15, target 78.64, stop loss at 70.94 Details

If 71.15 starts to break higher, the technical summary data tells us to buy BMRN just above 71.15 with an upside target of 78.64. The data also tells us to set a stop loss at 70.94 in case the stock turns against the trade. 71.15 is the first resistance level above 66.03 and basically any break above resistance is a buy signal. In this case, 71.15, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short BMRN slightly near 71.15, target 65.83, stop loss at 71.36. Details

Technical summary data suggests a short on BMRN if it tests 71.15 with a downside target of 65.83. However, we should have a stop loss at 71.36 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 71.15 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for BMRN

• Buy BMRN just above 66.11, target 71.15, stop loss at 65.96 Details

If 66.11 starts to break out higher, the summary technicals tell us to buy BMRN just above 66.11 with an upside target of 71.15. The data also tells us to set a stop loss at 65.96 in case the stock turns against the trade. 66.11 is the first resistance level above 66.03 and basically any break above resistance is a buy signal. In this case, 66.11, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short BMRN slightly near 66.11, target 65.83, stop loss at 66.26. Details

Technical summary data suggests a short on BMRN if it tests 66.11 with a downside target of 65.83. However, we should have a stop loss at 66.26 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 66.11 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Biomarin Pharmaceutical Inc. (BMRN) available here: BMRN.

BMRN ratings for December 2nd:

AI generated signals for BMRN

Real-time updates for repeat institutional readers:

Instructions:

• Click the “Get Real-Time Updates” button below.

• At the login prompt, select “Forgot username.”

• Enter the email address you use for Factset

• To log in, use the user/pass you receive

• You have access to real-time updates 24/7.

From then on, you can just click to get the real-time update whenever you want.

GET REAL-TIME UPDATES

Technically, Biomarin Pharmaceutical Inc. (NASDAQ:BMRN) offers opportunities for traders who watch how the stock price fluctuates over time.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for BMRN change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and market crash protection with Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when BMRN tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for BMRN. All of this is offered below the overview table.