BCAB Technical Analysis - BIOATLA INC

Technical Rating and Analysis

Taking everything into account, BCAB scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BCAB is showing a nice and steady performance.

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 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!

BCAB is part of the Biotechnology industry. There are 536 other stocks in this industry. BCAB outperforms 76% of them.

Looking at the yearly performance, BCAB did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

In the last month BCAB has a been trading in the 0.56 - 1.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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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

Besides having an excellent technical rating, BCAB also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.72

0.88

When analyzing the support we notice one important area.

Support @0.73 from a horizontal line in the daily time frame.

We found 1 important resistance area.

Resistance @0.87 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The short term trend for BCAB is neutral.
ChartMill Relative Strength	90.12	POSITIVE	BCAB has a high relative strength, it outperformed 90.12% 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)	UP	POSITIVE	The current price of BCAB is above the rising SMA(200).
Relative Strength Index/RSI (14)	56.08	NEUTRAL	The RSI value for BCAB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests BCAB has a negative trend.
Stochastics (14,3)	40.25	NEUTRAL	The Stochastics value for BCAB is a neutral value.
Average True Range in percent/ATR (20)	13.37	HIGH VOLATILITY	The high ATR as a percentage value for BCAB suggests high volalility.
Average Directional Index/ADX (14)	27.97	POSITIVE	The high ADX value value for BCAB suggests a strong trend.