BRIDGEBIO PHARMA INC (BBIO) Technical Analysis
NASDAQ:BBIO • US10806X1028
Current stock price
BBIO Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to BBIO. In the last year, BBIO was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, BBIO did better than 92% 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 75% of 518 stocks in the same industry.
- BBIO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BBIO is performing more or less in line with the market.
- BBIO has an average volume of 3150860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month BBIO has a been trading in the 62.77 - 76.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BBIO Weekly and Daily overview Charts
BBIO Setup Rating and Analysis
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
BBIO Support and Resistance Analysis
49.25
2 important support areas can be observed.
- A support zone ranging from 63.73 to 65.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.75 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 72.92 to 73.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 78.23 to 78.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @79.91 from a horizontal line in the daily time frame.
BBIO 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 | 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 | 92.22 | POSITIVE | BBIO has a high relative strength, it outperformed 92.22% 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) | DOWN | NEGATIVE | The current price of BBIO is below a declining 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) | 51.96 | NEUTRAL | The RSI value for BBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.65 | POSITIVE | The MACD value suggests BBIO has a positive trend. |
| Stochastics (14,3) | 51.03 | NEUTRAL | The Stochastics value for BBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for BBIO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.23 | NEGATIVE | The low ADX value for BBIO suggests a weak or negative trend. |
BBIO Chart- and CandleStick Pattern Analysis
BBIO Technicals: Chart, Performance Metrics, Trend & Indicators
71.03
+1.62 (+2.33%)
BRIDGEBIO PHARMA INC / BBIO TA FAQ
What is the technical rating for BBIO stock?
ChartMill assigns a technical rating of 7 / 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 51.9597. 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 65.82 and a resistance level at 72.92. Check the full technical report for our detailed analysis of BBIO support and resistance levels.