22UA Technical Analysis - BIONTECH SE-ADR

Technical Rating and Analysis

Taking everything into account, 22UA scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. 22UA was also a bad performer in the overall market in the last year.

91% of all other stocks performed better in the past year than 22UA.

In the last month 22UA has a been trading in the 81.25 - 90.40 range, which is quite wide. It is currently trading near the high of this range.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

22UA is part of the Biotechnology industry. There are 73 other stocks in this industry, 22UA did better than 47% of them.

22UA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so 22UA is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BIONTECH SE-ADR / 22UA Weekly stock chart

BIONTECH SE-ADR / 22UA Daily stock chart

Setup Rating and Analysis

The technical rating of 22UA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

79.70

98.68

We found 2 important support areas.

A support zone ranging from 82.64 to 83.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @80.50 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 93.94 to 94.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 96.50 to 97.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for 22UA.DE is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 22UA.DE is up.
ChartMill Relative Strength	9.65	NEGATIVE	22UA.DE has a low relative strength, it was outperformed by 90.35% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 22UA.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of 22UA.DE is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of 22UA.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	57.68	NEUTRAL	The RSI value for 22UA.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.03	POSITIVE	The MACD value suggests 22UA.DE has a positive trend.
Stochastics (14,3)	94.94	OVERBOUGHT	The high Stochastics value suggests 22UA.DE may be overbought.
Average True Range in percent/ATR (20)	2.57	MEDIUM VOLATILITY	The ATR as a percentage value for 22UA.DE suggests some volalility.
Average Directional Index/ADX (14)	13.66	NEGATIVE	The low ADX value for 22UA.DE suggests a weak or negative trend.