BCDA Technical Analysis - BIOCARDIA INC

Technical Rating and Analysis

Taking everything into account, BCDA scores 1 out of 10 in our technical rating. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, BCDA is a bad performer in the overall market: 95% of all stocks are doing better.

BCDA is one of the lesser performing stocks in the Biotechnology industry. 79% of 534 stocks in the same industry do better.

BCDA 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.

In the last month BCDA has a been trading in the 1.27 - 1.58 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.

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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

Although the technical rating is bad, BCDA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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

1.28

2.19

When analyzing the support we notice one important area.

Support @1.29 from a horizontal line in the daily time frame.

5 important resistance areas can be observed.

Resistance @1.57 from a horizontal line in the daily time frame.
A resistance zone ranging from 1.65 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.81 from a trend line in the weekly time frame.
Resistance @2.01 from a trend line in the daily time frame.
Resistance @2.17 from a trend line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for BCDA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BCDA is down.
ChartMill Relative Strength	5.35	NEGATIVE	BCDA has a low relative strength, it was outperformed by 94.65% 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)	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)	48.4	NEUTRAL	The RSI value for BCDA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests BCDA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	62.66	NEUTRAL	The Stochastics value for BCDA is a neutral value.
Average True Range in percent/ATR (20)	6.64	HIGH VOLATILITY	The high ATR as a percentage value for BCDA suggests high volalility.
Average Directional Index/ADX (14)	19.04	NEGATIVE	The low ADX value for BCDA suggests a weak or negative trend.