BRIDGEBIO PHARMA INC (BBIO) Stock Technical Analysis
NASDAQ:BBIO - Nasdaq - US10806X1028 - Common Stock - Currency: USD
Overall BBIO gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that BBIO is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, BBIO also shows a nice and consistent pattern of rising prices.
BBIO is one of the better performing stocks in the Biotechnology industry, it outperforms 85% of 553 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.
BBIO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BBIO has an average volume of 2745550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BBIO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 46.22, a Stop Loss order could be placed below this zone.
More info and screens
30.72
46.69
5 important support areas can be observed.
- A support zone ranging from 45.46 to 46.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.16 from a trend line in the weekly time frame.
- Support @35.41 from a trend line in the daily time frame.
- Support @34.36 from a trend line in the daily time frame.
- Support @31.03 from a horizontal line in the daily time frame.
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 | 91.08 | POSITIVE | BBIO has a high relative strength, it outperformed 91.08% 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) | 61.66 | NEUTRAL | The RSI value for BBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests BBIO has a negative trend. |
| Stochastics (14,3) | 50.96 | NEUTRAL | The Stochastics value for BBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for BBIO suggests some volalility. |
| Average Directional Index/ADX (14) | 42.64 | POSITIVE | The high ADX value value for BBIO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 46.35 | 45.45 | 0.90 (1.93%) | 25.00% |
| An entry @46.35. This is a Buy Stop order right above the 10 day moving average. | An exit @45.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.90 points, which is 1.93%. | For a 0.48% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
46.23
-0.07 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.15%
1 Week0.72%
2 Weeks-3.06%
1 Month3.05%
3 Month19.86%
6 Month35.14%
12 Month76.59%
2 Year32.05%
3 Year433.83%
5 Year64.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.43
ATR(20)%3.07%
ATR Inc-23.65%
Range Today1.02
ADR(20)1.35
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.08
Mansfield3.06
10 Day High48.42
10 Day Low45.27
20 Day High48.68
20 Day Low41.8
52 Week High48.68
52 Week Low21.72
CS1 End46.22
CR1 StartN/A
Volume & EV
DER(3)2.47%
DER(5)2.19%
Volume2.05M
Volume Incr-40.39%
Vol(5)1.86M
Vol(50)2.75M