BDRX Technical Analysis - BIODEXA PHARMACEUTICALS-ADR

Technical Rating and Analysis

Overall BDRX gets a technical rating of 0 out of 10. BDRX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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, BDRX is a bad performer in the overall market: 99% of all stocks are doing better.

BDRX is one of the lesser performing stocks in the Biotechnology industry. 87% of 541 stocks in the same industry do better.

BDRX 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.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

In the last month BDRX has a been trading in the 5.01 - 7.09 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BIODEXA PHARMACEUTICALS-ADR / BDRX Weekly stock chart

BIODEXA PHARMACEUTICALS-ADR / BDRX Daily stock chart

Setup Rating and Analysis

BDRX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 6.60, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.44

6.88

We found 1 important support area.

A support zone ranging from 6.51 to 6.60. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @6.81 from a horizontal line in the daily time frame.

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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 BDRX is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BDRX is neutral.
ChartMill Relative Strength	1.88	NEGATIVE	BDRX has a low relative strength, it was outperformed by 98.12% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of BDRX is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BDRX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BDRX is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.84	NEUTRAL	The RSI value for BDRX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests BDRX has a positive trend.
Stochastics (14,3)	82.18	OVERBOUGHT	The high Stochastics value suggests BDRX may be overbought.
Average True Range in percent/ATR (20)	8.12	HIGH VOLATILITY	The high ATR as a percentage value for BDRX suggests high volalility.
Average Directional Index/ADX (14)	20.89	NEUTRAL	The ADX value for BDRX suggests a possible start of a new trend.