BIOFRONTERA INC (BFRI) Stock Technical Analysis
NASDAQ:BFRI - Nasdaq - US09077D2099 - Common Stock - Currency: USD
Taking everything into account, BFRI scores 1 out of 10 in our technical rating. BFRI 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 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, BFRI is a bad performer in the overall market: 90% of all stocks are doing better.
BFRI is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 63% are performing better than BFRI.
BFRI 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.
In the last month BFRI has a been trading in the 0.54 - 0.73 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.
Although the technical rating is bad, BFRI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for BFRI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.63
1.06
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.65 to 0.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.79 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.04 to 1.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BFRI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BFRI is down. |
| ChartMill Relative Strength | 10.55 | NEGATIVE | BFRI has a low relative strength, it was outperformed by 89.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BFRI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BFRI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BFRI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.42 | NEUTRAL | The RSI value for BFRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BFRI has a positive trend. |
| Stochastics (14,3) | 42.5 | NEUTRAL | The Stochastics value for BFRI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.74 | HIGH VOLATILITY | The high ATR as a percentage value for BFRI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.48 | NEGATIVE | The low ADX value for BFRI suggests a weak or negative trend. |
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)
0.641
+0.01 (+1.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.75%
1 Week-2.88%
2 Weeks6.83%
1 Month0.19%
3 Month-21.16%
6 Month-42.25%
12 Month-28.62%
2 Year-93.84%
3 Year-98.28%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%8.74%
ATR Inc-38.89%
Range Today0.03
ADR(20)0.05
ADR(20)%8.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.55
Mansfield-3.67
10 Day High0.7
10 Day Low0.59
20 Day High0.73
20 Day Low0.54
52 Week High2.22
52 Week Low0.54
CS1 EndN/A
CR1 Start0.65
Volume & EV
DER(3)3.64%
DER(5)-4.28%
Volume46.90K
Volume Incr-79.63%
Vol(5)42.70K
Vol(50)157.80K