Technical Analysis of BIOCRYST PHARMACEUTICALS INC(NASDAQ:BCRX) stock

Technical Rating

Taking everything into account, BCRX scores 4 out of 10 in our technical rating. BCRX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.

BCRX is one of the better performing stocks in the Biotechnology industry, it outperforms 79% of 634 stocks in the same industry.

In the last month BCRX has a been trading in the 11.68 - 14.20 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.

BCRX has an average volume of 2625110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

Looking at the yearly performance, BCRX did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

BCRX is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month

3 Months

6 Months

12 Months

6.32%

-9.10%

22.39%

11.80%

SMA(20)

SMA(50)

SMA(100)

SMA(200)

52 Wk Range

ST Trend

LT Trend

71.34

7.61 - 19.99

Support/Resistance Analysis

11.61

14.80

We found 2 important support areas.

A support zone ranging from 12.22 to 12.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @11.73 from a horizontal line in the daily time frame.

We can see 4 important resistance areas.

A resistance zone ranging from 13.35 to 13.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @13.84 from a trend line in the weekly time frame.
Resistance @14.21 from a horizontal line in the daily time frame.
Resistance @14.65 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

BCRX 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 13.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.27, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

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.

BIOCRYST PHARMACEUTICALS INC12.79

NASDAQ:BCRX (12/2/2022, 7:21:29 PM)-0.17 (-1.31%)

After market: 12.6 -0.19 (-1.49%)

Chartmill TA Rating

Chartmill Setup Rating

Sector

GICS Sector	Health Care
GICS Industry	Biotechnology

Performance

Today	-1.31%	1 Week	4.15%
2 Weeks	4.66%	1 Month	6.32%
3 Month	-9.1%	6 Month	22.39%

Volatility

ATR(14)	0.58	ATR(20)%	4.85%
ATR Inc	-21.91%	Range Today	0.24

Trend & SMA

ST Trend		LT Trend
SMA(5)		SMA(10)
SMA(20)		SMA(50)
SMA(100)		SMA(200)

Relative Strength & Ranges

CRS	71.34	Mansfield	0.04
10 Day High	13.49	10 Day Low	12.15
20 Day High	14.2	20 Day Low	11.68
52 Week High	19.99	52 Week Low	7.61
CS1 End	12.27	CR1 Start	13.35

Volume & EV

DER(3)	-0.56%	DER(5)	2.42%
Volume	1.84M	Volume Incr	-30.76%
Vol(5)	2.10M	Vol(50)	2.63M

BIOCRYST PHARMACEUTICALS INC (BCRX) 12.79 -0.17 (-1.31%)

12.79 -0.17 (-1.31%)

Technical Rating

Statistics

Support/Resistance Analysis

Setup Analysis

Setup Rating

BIOCRYST PHARMACEUTICALS INC12.79

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