BIOCARDIA INC (BCDA) Technical Analysis
NASDAQ:BCDA • US09060U6064
Current stock price
BCDA Technical Rating and Analysis
Overall BCDA gets a technical rating of 0 out of 10. BCDA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, BCDA is a bad performer in the overall market: 89% of all stocks are doing better.
- BCDA is part of the Biotechnology industry. There are 516 other stocks in this industry, of which 71% are performing better than BCDA.
- BCDA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month BCDA has a been trading in the 1.08 - 1.28 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BCDA Weekly and Daily overview Charts
BCDA Setup Rating and Analysis
BCDA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.19, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
BCDA Support and Resistance Analysis
1.10
2 important support areas can be observed.
- A support zone ranging from 1.19 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.21 to 1.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.26 from a trend line in the daily time frame.
- Resistance @1.36 from a horizontal line in the daily time frame.
- Resistance @2.23 from a trend line in the weekly time frame.
BCDA 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 | DOWN | NEGATIVE | The long term trend for BCDA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BCDA is neutral. |
| ChartMill Relative Strength | 11.7 | NEGATIVE | BCDA has a low relative strength, it was outperformed by 88.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BCDA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BCDA is below a declining 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) | 49.67 | NEUTRAL | The RSI value for BCDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BCDA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.33 | NEUTRAL | The Stochastics value for BCDA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for BCDA suggests high volalility. |
| Average Directional Index/ADX (14) | 9.14 | NEGATIVE | The low ADX value for BCDA suggests a weak or negative trend. |
BCDA Chart- and CandleStick Pattern Analysis
BCDA Technicals: Chart, Performance Metrics, Trend & Indicators
1.2
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BIOCARDIA INC / BCDA TA FAQ
Can you provide the ChartMill technical rating for BIOCARDIA INC?
ChartMill assigns a technical rating of 0 / 10 to BCDA.
Can you provide the trend direction for BIOCARDIA INC?
The current trend direction for BIOCARDIA INC (BCDA) is Bearish.
What is the RSI signal for BCDA stock?
BIOCARDIA INC (BCDA) has an RSI value of 49.6731. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BIOCARDIA INC?
The short term momentum for BIOCARDIA INC (BCDA) is neutral.
What are the support and resistance levels for BIOCARDIA INC (BCDA) stock?
BIOCARDIA INC (BCDA) has a support level at 1.19 and a resistance level at 1.21. Check the full technical report for our detailed analysis of BCDA support and resistance levels.