BIOCARDIA INC (BCDA) Technical Analysis
NASDAQ:BCDA • US09060U6064
Taking everything into account, BCDA scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BCDA was also a bad performer in the overall market in the last year.
- 90% of all other stocks performed better in the past year than BCDA.
- BCDA is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 72% are performing better than BCDA.
- BCDA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BCDA is lagging the market.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month BCDA has a been trading in the 1.10 - 1.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BCDA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for BCDA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.10
We found 2 important support areas.
- Support @1.18 from a trend line in the daily time frame.
- A support zone ranging from 1.11 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 1.28 to 1.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.33 from a trend line in the daily time frame.
- Resistance @1.36 from a horizontal line in the daily time frame.
- Resistance @1.45 from a horizontal line in the weekly time frame.
- Resistance @2.31 from a trend line in the weekly 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 BCDA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCDA is up. |
| ChartMill Relative Strength | 10.55 | NEGATIVE | BCDA has a low relative strength, it was outperformed by 89.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCDA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCDA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BCDA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.1 | NEUTRAL | The RSI value for BCDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BCDA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.75 | NEUTRAL | The Stochastics value for BCDA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.82 | HIGH VOLATILITY | The high ATR as a percentage value for BCDA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.02 | NEGATIVE | The low ADX value for BCDA suggests a weak or negative trend. |
BCDA Technicals: Chart, Performance Metrics, Trend & Indicators
1.27
-0.02 (-1.55%)
BIOCARDIA INC / BCDA FAQ
Can you provide the ChartMill technical rating for BIOCARDIA INC?
ChartMill assigns a technical rating of 3 / 10 to BCDA.
Can you provide the trend direction for BIOCARDIA INC?
The current trend direction for BIOCARDIA INC (BCDA) is Bearish.
Can you provide the RSI signal for BIOCARDIA INC?
BIOCARDIA INC (BCDA) has an RSI value of 53.0966. This indicates that the stock is currently neutral.
What is the MACD signal for BIOCARDIA INC (BCDA) stock?
The MACD indicator for BIOCARDIA INC (BCDA) has a value of 0.0105502, indicating a bearish trend.
Can you provide the support and resistance levels for BIOCARDIA INC?
BIOCARDIA INC (BCDA) has a support level at 1.18 and a resistance level at 1.28. Check the full technical report for our detailed analysis of BCDA support and resistance levels.