BCAB Technical Analysis - BIOATLA INC

Technical Rating and Analysis

Taking everything into account, BCAB scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BCAB is a bad performer.

79% of all other stocks performed better in the past year than BCAB.

BCAB 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.

The long and short term trends are both positive. This is looking good!

BCAB is part of the Biotechnology industry. There are 540 other stocks in this industry, BCAB did better than 51% of them.

In the last month BCAB has a been trading in the 0.35 - 0.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although BCAB has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.35

0.63

3 important support areas can be observed.

Support @0.39 from a trend line in the daily time frame.
Support @0.36 from a trend line in the daily time frame.
Support @0.35 from a trend line in the weekly time frame.

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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 BCAB is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BCAB is up.
ChartMill Relative Strength	21.45	NEGATIVE	BCAB has a low relative strength, it was outperformed by 78.55% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BCAB is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BCAB is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of BCAB is above a declining SMA(200).
Relative Strength Index/RSI (14)	56.31	NEUTRAL	The RSI value for BCAB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests BCAB has a positive trend, although the MACD value is declining.
Stochastics (14,3)	57.72	NEUTRAL	The Stochastics value for BCAB is a neutral value.
Average True Range in percent/ATR (20)	11.49	HIGH VOLATILITY	The high ATR as a percentage value for BCAB suggests high volalility.
Average Directional Index/ADX (14)	35.96	POSITIVE	The high ADX value value for BCAB suggests a strong trend.