BIOFRONTERA INC (BFRI)

US09077D2099 - Common Stock

1.69  +0.02 (+1.2%)

Technical Rating and Analysis

4

Overall BFRI gets a technical rating of 4 out of 10. In the past year, BFRI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, BFRI is a bad performer in the overall market: 93% of all stocks are doing better.
BFRI is one of the lesser performing stocks in the Pharmaceuticals industry. 73% of 198 stocks in the same industry do better.
BFRI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BFRI is lagging the market.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BFRI has a been trading in the 1.06 - 2.43 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.
Weekly and Daily overview Charts
BFRI Weekly chart
BFRI Daily chart
Setup Rating and Analysis

4

BFRI has an average technical rating and also the quality of the setup is only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.

Support and Resistance Analysis

1.38

2.24

2 important support areas can be observed.

  • Support @1.63 from a horizontal line in the daily time frame.
  • Support @1.39 from a trend line in the daily time frame.

When analyzing the resistance we notice 4 important areas.

  • A resistance zone ranging from 1.70 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @1.86 from a trend line in the weekly time frame.
  • Resistance @1.97 from a trend line in the daily time frame.
  • Resistance @2.22 from a trend line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.22
Mansfield-7.41
10 Day High2.43
10 Day Low1.64
20 Day High2.43
20 Day Low1.06
52 Week High13.42
52 Week Low0.61
Performance
1 Week-19.14%
2 Weeks-6.63%
1 Month35.2%
3 Month3.05%
6 Month-58.17%
12 Month-86.48%
2 Year-97.72%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)50.81
LBB1.42
UBB2.34
BFRI Daily chart

BIOFRONTERA INC

NASDAQ:BFRI (4/19/2024, 7:00:00 PM)

1.69

+0.02 (+1.2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.2%
1 Week-19.14%
2 Weeks-6.63%
1 Month35.2%
3 Month3.05%
6 Month-58.17%
12 Month-86.48%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.3
ATR(20)%16.96%
ATR Inc
Range Today0.12
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.43
10 Day Low1.64
20 Day High2.43
20 Day Low1.06
52 Week High13.42
52 Week Low0.61
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume66.20K
Volume Incr-56.7%
Vol(5)66.02K
Vol(50)759.16K