BRIDGEBIO PHARMA INC (BBIO) Technical Analysis
NASDAQ:BBIO • US10806X1028
Current stock price
69.36 USD
-0.34 (-0.49%)
At close:
68.69 USD
-0.67 (-0.97%)
After Hours:
BBIO Technical Rating and Analysis
Taking everything into account, BBIO scores 7 out of 10 in our technical rating. In the last year, BBIO was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- 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. We also observe that the gains produced by BBIO over the past year are nicely spread over this period.
- BBIO is part of the Biotechnology industry. There are 517 other stocks in this industry. BBIO outperforms 75% of them.
- 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 2825060 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 - 75.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
BBIO Weekly and Daily overview Charts
BBIO Setup Rating and Analysis
Besides having an excellent technical rating, BBIO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
BBIO Support and Resistance Analysis
50.00
79.02
4 important support areas can be observed.
- A support zone ranging from 68.48 to 69.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @67.26 from a trend line in the daily time frame.
- A support zone ranging from 63.73 to 65.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.51 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 69.60 to 70.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 71.72 to 71.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @74.32 from a horizontal line 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.
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 | 91.88 | POSITIVE | BBIO has a high relative strength, it outperformed 91.88% 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) | 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) | 48.33 | NEUTRAL | The RSI value for BBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests BBIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.13 | NEUTRAL | The Stochastics value for BBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for BBIO suggests some volalility. |
| Average Directional Index/ADX (14) | 13.8 | NEGATIVE | The low ADX value for BBIO suggests a weak or negative trend. |
BBIO Chart- and CandleStick Pattern Analysis
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)
BBIO Example Setup
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 |
|---|---|---|---|
| 70.12 | 68.47 | 1.65 (2.35%) | 25.00% |
| An entry @70.12. This is a Buy Stop order right above the resistance zone. | An exit @68.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.65 points, which is 2.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%. |
- 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.
BBIO Technicals: Chart, Performance Metrics, Trend & Indicators
69.36
-0.34 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.49%
1 Week-0.34%
2 Weeks-2.35%
1 Month5.89%
3 Month-11.34%
6 Month31.21%
12 Month121.1%
2 Year124.32%
3 Year318.34%
5 Year12.6%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.7
ATR(20)%4.35%
ATR Inc-27.18%
Range Today1.12
ADR(20)2.87
ADR(20)%4.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.88
3 months CRS30.1
6 months CRS92.83
Mansfield2.65
10 Day High73.41
10 Day Low67.57
20 Day High75.91
20 Day Low62.77
52 Week High84.94
52 Week Low28.33
CS1 End69.17
CR1 Start69.6
Volume & EV
DER(3)1.86%
DER(5)0.65%
Volume1.55M
Volume Incr-43.06%
Vol(5)1.41M
Vol(50)2.83M
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 48.333. 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 69.17 and a resistance level at 69.6. Check the full technical report for our detailed analysis of BBIO support and resistance levels.