BETA BIONICS INC (BBNX) Stock Technical Analysis
NASDAQ:BBNX • US08659B1026
Taking everything into account, BBNX scores 0 out of 10 in our technical rating. BBNX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BBNX is a bad performer in the overall market: 94% of all stocks are doing better.
- BBNX is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 72% of 185 stocks in the same industry do better.
- BBNX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- BBNX has an average volume of 1311880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month BBNX has a been trading in the 11.33 - 16.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of BBNX is bad and it also does not present a quality setup 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
12.71
3 important support areas can be observed.
- Support @13.30 from a trend line in the weekly time frame.
- A support zone ranging from 13.07 to 13.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 13.88 to 14.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.79 from a horizontal line in the daily time frame.
- Resistance @31.51 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 | DOWN | NEGATIVE | The long term trend for BBNX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BBNX is down. |
| ChartMill Relative Strength | 6.82 | NEGATIVE | BBNX has a low relative strength, it was outperformed by 93.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BBNX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BBNX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BBNX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.15 | NEUTRAL | The RSI value for BBNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests BBNX has a positive trend. |
| Stochastics (14,3) | 55 | NEUTRAL | The Stochastics value for BBNX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.01 | HIGH VOLATILITY | The high ATR as a percentage value for BBNX suggests high volalility. |
| Average Directional Index/ADX (14) | 40.75 | POSITIVE | The high ADX value value for BBNX suggests a strong trend. |
13.76
+0.06 (+0.44%)
BETA BIONICS INC / BBNX FAQ
What is the technical rating for BBNX stock?
ChartMill assigns a technical rating of 0 / 10 to BBNX.
What is the current trend direction of BETA BIONICS INC (BBNX) stock?
The current trend direction for BETA BIONICS INC (BBNX) is Bearish.
What is the RSI signal for BBNX stock?
BETA BIONICS INC (BBNX) has an RSI value of 34.1518. This indicates that the stock is currently neutral.
What is the MACD signal for BETA BIONICS INC (BBNX) stock?
The MACD indicator for BETA BIONICS INC (BBNX) has a value of 0.474023, indicating a bearish trend.
What is the support and resistance level for BBNX stock?
BETA BIONICS INC (BBNX) has a support level at 13.3 and a resistance level at 13.88. Check the full technical report for our detailed analysis of BBNX support and resistance levels.