BICARA THERAPEUTICS INC (BCAX) Stock Technical Analysis
NASDAQ:BCAX - US0554771032 - Common Stock
11.94 USD
+0.03 (+0.25%)
11.94 USD
0 (0%)
We assign a technical rating of 6 out of 10 to BCAX. In the last year, BCAX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
100% of all other stocks performed better in the past year than BCAX.
BCAX is one of the lesser performing stocks in the Biotechnology industry. 92% of 542 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month BCAX has a been trading in the 9.57 - 12.30 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
BCAX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.93, a Stop Loss order could be placed below this zone.
More info and screens
10.48
12.45
3 important support areas can be observed.
- A support zone ranging from 11.87 to 11.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.95 from a horizontal line in the daily time frame.
- A support zone ranging from 10.59 to 10.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.95 to 12.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.33 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for BCAX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCAX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BCAX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BCAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.45 | NEUTRAL | The RSI value for BCAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BCAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.82 | OVERBOUGHT | The high Stochastics value suggests BCAX may be overbought. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for BCAX suggests high volalility. |
| Average Directional Index/ADX (14) | 14.81 | NEGATIVE | The low ADX value for BCAX suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 12.06 | 11.86 | 0.20 (1.66%) | 25.00% |
| An entry @12.06. This is a Buy Stop order right above the resistance zone. | An exit @11.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.20 points, which is 1.66%. | For a 0.41% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BCAX. 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.
11.94
+0.03 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.25%
1 Week0.84%
2 Weeks2.58%
1 Month13.39%
3 Month29.08%
6 Month-10.23%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%5.6%
ATR Inc-38.75%
Range Today0.41
ADR(20)0.66
ADR(20)%5.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High12.3
10 Day Low10.64
20 Day High12.3
20 Day Low9.57
52 Week HighN/A
52 Week LowN/A
CS1 End11.93
CR1 Start11.95
Volume & EV
DER(3)-1.24%
DER(5)0.33%
Volume189.20K
Volume Incr-20.62%
Vol(5)245.50K
Vol(50)434.77K