BIOFRONTERA AG (BFRA) Stock Technical Analysis
NASDAQ:BFRA
2.67
-0.28 (-9.49%)
Last: Mar 4, 2022, 08:19 PM
Taking everything into account, BFRA scores 0 out of 10 in our technical rating. BFRA'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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, BFRA is a bad performer in the overall market: 85% of all stocks are doing better.
- BFRA is part of the Biotechnology industry. There are 521 other stocks in this industry, of which 63% are performing better than BFRA.
- BFRA 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.
- Warning: BFRA has an average volume of 28721 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month BFRA has a been trading in the 2.09 - 3.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
BFRA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.64
4.52
We can see 6 important resistance areas.
- Resistance @2.78 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.96 to 2.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.11 from a trend line in the daily time frame.
- Resistance @3.38 from a trend line in the daily time frame.
- Resistance @3.68 from a horizontal line in the daily time frame.
- Resistance @4.48 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 BFRA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BFRA is neutral. |
| ChartMill Relative Strength | 15.6 | NEGATIVE | BFRA has a low relative strength, it was outperformed by 84.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BFRA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BFRA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BFRA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.75 | NEUTRAL | The RSI value for BFRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BFRA has a negative trend. |
| Stochastics (14,3) | 54.24 | NEUTRAL | The Stochastics value for BFRA is a neutral value. |
| Average True Range in percent/ATR (20) | 14.89 | HIGH VOLATILITY | The high ATR as a percentage value for BFRA suggests high volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:BFRA (3/4/2022, 8:19:41 PM)
2.67
-0.28 (-9.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-9.49%
1 Week-8.87%
2 Weeks-9.49%
1 Month-6.97%
3 Month-21.47%
6 Month-54.82%
12 Month-55.35%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%14.89%
ATR Inc-7.51%
Range Today0.5
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.6
3 months CRSN/A
6 months CRSN/A
Mansfield-4.67
10 Day High3.36
10 Day Low2.56
20 Day High3.68
20 Day Low2.09
52 Week High7.54
52 Week Low2.09
CS1 EndN/A
CR1 Start2.78
Volume & EV
DER(3)-0.02%
DER(5)-6.86%
Volume4.90K
Volume Incr-81.62%
Vol(5)5.68K
Vol(50)28.72K
BIOFRONTERA AG / BFRA FAQ
What is the ChartMill technical rating of BIOFRONTERA AG (BFRA) stock?
ChartMill assigns a technical rating of 0 / 10 to BFRA.
What is the current trend direction of BIOFRONTERA AG (BFRA) stock?
The current trend direction for BIOFRONTERA AG (BFRA) is Bearish.
What is the RSI signal for BFRA stock?
BIOFRONTERA AG (BFRA) has an RSI value of 42.7521. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BIOFRONTERA AG?
The MACD indicator for BIOFRONTERA AG (BFRA) has a value of -0.012029, indicating a bearish trend.
Can you provide the short term momentum for BIOFRONTERA AG?
The short term momentum for BIOFRONTERA AG (BFRA) is neutral.