BICARA THERAPEUTICS INC (BCAX) Stock Technical Analysis
USA - NASDAQ:BCAX - US0554771032 - Common Stock
Taking everything into account, BCAX scores 6 out of 10 in our technical rating. In the last year, BCAX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
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 very little resistance above the current price. There is a support zone below the current price at 14.68, a Stop Loss order could be placed below this zone.
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11.57
We found 3 important support areas.
- A support zone ranging from 14.51 to 14.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.92 from a horizontal line in the daily time frame.
- A support zone ranging from 11.69 to 11.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BCAX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BCAX is neutral. |
| ChartMill Relative Strength | 76.05 | POSITIVE | BCAX has a high relative strength, it outperformed 76.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BCAX is above a declining 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) | UP | POSITIVE | The current price of BCAX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.56 | NEUTRAL | The RSI value for BCAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests BCAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.07 | NEUTRAL | The Stochastics value for BCAX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.25 | HIGH VOLATILITY | The high ATR as a percentage value for BCAX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.21 | POSITIVE | The high ADX value value for BCAX suggests a strong trend. |
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 |
|---|---|---|---|
| 15.82 | 14.50 | 1.32 (8.34%) | 11.98% |
| An entry @15.82. This is a Buy Stop order right above the 10 day high. | An exit @14.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.32 points, which is 8.34%. | For a 1.00% total portfolio risk, you can invest 11.98% 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.
15.57
+0.52 (+3.46%)
BICARA THERAPEUTICS INC / BCAX FAQ
What is the ChartMill technical rating of BICARA THERAPEUTICS INC (BCAX) stock?
ChartMill assigns a technical rating of 6 / 10 to BCAX.
What is the trend direction for BCAX stock?
The current trend direction for BICARA THERAPEUTICS INC (BCAX) is Bullish.
What is the RSI signal for BICARA THERAPEUTICS INC (BCAX) stock?
BICARA THERAPEUTICS INC (BCAX) has an RSI value of 51.5617. This indicates that the stock is currently neutral.
What is the MACD signal for BCAX stock?
The MACD indicator for BICARA THERAPEUTICS INC (BCAX) has a value of -0.0803939, indicating a bearish trend.