Taking everything into account, BBIO scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BBIO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BBIO did better than 95% of all other stocks. We also observe that the gains produced by BBIO over the past year are nicely spread over this period.
- BBIO is one of the better performing stocks in the Biotechnology industry, it outperforms 87% of 525 stocks in the same industry.
- BBIO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BBIO has a been trading in the 70.95 - 79.88 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- BBIO has an average volume of 2319300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, BBIO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 76.25, a Stop Loss order could be placed below this zone.
More info and screens
45.85
We found 4 important support areas.
- A support zone ranging from 75.91 to 76.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @73.42 from a horizontal line in the daily time frame.
- Support @64.73 from a trend line in the daily time frame.
- Support @46.31 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 78.24 to 79.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for BBIO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBIO is up. |
| ChartMill Relative Strength | 95.9 | POSITIVE | BBIO has a high relative strength, it outperformed 95.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBIO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.35 | NEUTRAL | The RSI value for BBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests BBIO has a negative trend. |
| Stochastics (14,3) | 65.58 | NEUTRAL | The Stochastics value for BBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for BBIO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.01 | NEGATIVE | The low ADX value for BBIO suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 79.12 | 75.90 | 3.22 (4.07%) | 24.57% |
| An entry @79.12. This is a Buy Stop order right above the resistance zone. | An exit @75.90. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.22 points, which is 4.07%. | When investing 24.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BBIO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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BRIDGEBIO PHARMA INC / BBIO FAQ
What is the technical rating for BBIO stock?
ChartMill assigns a technical rating of 10 / 10 to BBIO.
What is the trend direction for BBIO stock?
The current trend direction for BRIDGEBIO PHARMA INC (BBIO) is Bullish.
Can you provide the RSI signal for BRIDGEBIO PHARMA INC?
BRIDGEBIO PHARMA INC (BBIO) has an RSI value of 54.3543. This indicates that the stock is currently neutral.
What is the short term momentum for BBIO stock?
The short term momentum for BRIDGEBIO PHARMA INC (BBIO) is positive.
What is the support and resistance level for BBIO stock?
BRIDGEBIO PHARMA INC (BBIO) has a support level at 76.25 and a resistance level at 78.24. Check the full technical report for our detailed analysis of BBIO support and resistance levels.