BIOFRONTERA INC (BFRI) Technical Analysis
NASDAQ:BFRI • US09077D2099
Current stock price
BFRI Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to BFRI. Although BFRI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- BFRI is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 70% of 192 stocks in the same industry.
- In the last month BFRI has a been trading in the 0.76 - 0.99 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that BFRI is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- BFRI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BFRI is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BFRI Weekly and Daily overview Charts
BFRI Setup Rating and Analysis
BFRI has an average technical rating and it also does not offer a high 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.
More info and screens
BFRI Support and Resistance Analysis
0.76
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.79 to 0.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.77 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.00 to 1.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.05 from a trend line in the weekly time frame.
- Resistance @1.11 from a horizontal line in the weekly time frame.
BFRI Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for BFRI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BFRI is neutral. |
| ChartMill Relative Strength | 84.32 | POSITIVE | BFRI has a high relative strength, it outperformed 84.32% 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 | MIXED | The current price of BFRI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BFRI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.2 | 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) | 64.22 | NEUTRAL | The Stochastics value for BFRI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.37 | HIGH VOLATILITY | The high ATR as a percentage value for BFRI suggests high volalility. |
| Average Directional Index/ADX (14) | 23.29 | NEUTRAL | The ADX value for BFRI suggests a possible start of a new trend. |
BFRI Chart- and CandleStick Pattern Analysis
BFRI Technicals: Chart, Performance Metrics, Trend & Indicators
0.9799
+0.06 (+6.41%)
BIOFRONTERA INC / BFRI TA FAQ
What is the technical rating for BFRI stock?
ChartMill assigns a technical rating of 4 / 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 BIOFRONTERA INC (BFRI) stock?
BIOFRONTERA INC (BFRI) has an RSI value of 65.2044. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BIOFRONTERA INC?
BIOFRONTERA INC (BFRI) has a support level at 0.8 and a resistance level at 1. Check the full technical report for our detailed analysis of BFRI support and resistance levels.