Taking everything into account, BFRI scores 2 out of 10 in our technical rating. 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.
Although the technical rating is bad, BFRI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.83. Right above this resistance zone may be a good entry point.
More info and screens
0.55
2 important support areas can be observed.
- Support @0.71 from a horizontal line in the weekly time frame.
- Support @0.56 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.83 to 0.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.05 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 | UP | POSITIVE | The short term trend for BFRI is up. |
| ChartMill Relative Strength | 13.8 | NEGATIVE | BFRI has a low relative strength, it was outperformed by 86.2% 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) | 55.09 | NEUTRAL | The RSI value for BFRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BFRI has a positive trend. |
| Stochastics (14,3) | 87.31 | OVERBOUGHT | The high Stochastics value suggests BFRI may be overbought. |
| Average True Range in percent/ATR (20) | 8.28 | HIGH VOLATILITY | The high ATR as a percentage value for BFRI suggests high volalility. |
| Average Directional Index/ADX (14) | 15.28 | NEGATIVE | The low ADX value for BFRI suggests a weak or negative trend. |
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BIOFRONTERA INC / BFRI FAQ
What is the technical rating for BFRI stock?
ChartMill assigns a technical rating of 2 / 10 to BFRI.
What is the trend direction for 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 55.0866. This indicates that the stock is currently neutral.
What is the MACD signal for BIOFRONTERA INC (BFRI) stock?
The MACD indicator for BIOFRONTERA INC (BFRI) has a value of 0.0189014, indicating a bearish trend.
What is the support and resistance level for BFRI stock?
BIOFRONTERA INC (BFRI) has a support level at 0.71 and a resistance level at 0.83. Check the full technical report for our detailed analysis of BFRI support and resistance levels.