BRIDGEBIO PHARMA INC (BBIO) Stock Technical Analysis
NASDAQ:BBIO • US10806X1028
Overall BBIO gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that BBIO is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, BBIO also shows a nice and consistent pattern of rising prices.
- BBIO is part of the Biotechnology industry. There are 523 other stocks in this industry. BBIO outperforms 84% of them.
- A new 52 week high is currently being made by BBIO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month BBIO has a been trading in the 62.84 - 84.84 range, which is quite wide. It is currently trading near the high of this range.
- BBIO has an average volume of 2645980 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.
Although BBIO has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
47.36
When analyzing the support we can see 3 important areas.
- Support @68.05 from a horizontal line in the weekly time frame.
- A support zone ranging from 64.62 to 64.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @47.84 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @78.24 from a horizontal line in the weekly time frame.
- Resistance @79.92 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 | NEUTRAL | NEUTRAL | The short term trend for BBIO is neutral. |
| ChartMill Relative Strength | 94.82 | POSITIVE | BBIO has a high relative strength, it outperformed 94.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BBIO is above a declining 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) | 52.62 | NEUTRAL | The RSI value for BBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests BBIO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.25 | NEUTRAL | The Stochastics value for BBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.47 | HIGH VOLATILITY | The high ATR as a percentage value for BBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 18.42 | NEGATIVE | The low ADX value for BBIO suggests a weak or negative trend. |
76.06
+2.73 (+3.72%)
BRIDGEBIO PHARMA INC / BBIO FAQ
What is the technical rating for BBIO stock?
ChartMill assigns a technical rating of 8 / 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 52.6201. 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 neutral.
What is the support and resistance level for BBIO stock?
BRIDGEBIO PHARMA INC (BBIO) has a support level at 68.05 and a resistance level at 78.24. Check the full technical report for our detailed analysis of BBIO support and resistance levels.