We assign a technical rating of 0 out of 10 to BFRI. 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 technical rating of BFRI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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0.73
2 important support areas can be observed.
- A support zone ranging from 0.80 to 0.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.74 to 0.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @1.08 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 BFRI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BFRI is down. |
| ChartMill Relative Strength | 22.95 | NEGATIVE | BFRI has a low relative strength, it was outperformed by 77.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BFRI is below a declining 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) | 36.55 | NEUTRAL | The RSI value for BFRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BFRI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.17 | OVERSOLD | The low Stochastics value suggests BFRI may be oversold. |
| Average True Range in percent/ATR (20) | 12.19 | HIGH VOLATILITY | The high ATR as a percentage value for BFRI suggests high volalility. |
| Average Directional Index/ADX (14) | 25.13 | POSITIVE | The high ADX value value for BFRI suggests a strong trend. |
0.8169
+0.03 (+3.6%)
BIOFRONTERA INC / BFRI FAQ
What is the technical rating for BFRI stock?
ChartMill assigns a technical rating of 0 / 10 to BFRI.
What is the current trend direction of BIOFRONTERA INC (BFRI) stock?
The current trend direction for BIOFRONTERA INC (BFRI) is Bearish.
What is the RSI signal for BFRI stock?
BIOFRONTERA INC (BFRI) has an RSI value of 36.5509. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for BIOFRONTERA INC?
The buy/sell signal for BIOFRONTERA INC (BFRI) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for BIOFRONTERA INC (BFRI) stock?
BIOFRONTERA INC (BFRI) has a support level at 0.74 and a resistance level at 0.8. Check the full technical report for our detailed analysis of BFRI support and resistance levels.