BIOHAVEN LTD (BHVN) Stock Technical Analysis
NYSE:BHVN - New York Stock Exchange, Inc. - VGG1110E1079 - Common Stock - Currency: USD
Taking everything into account, BHVN scores 0 out of 10 in our technical rating. BHVN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
97% of all other stocks performed better in the past year than BHVN.
BHVN is one of the lesser performing stocks in the Biotechnology industry. 80% of 557 stocks in the same industry do better.
BHVN is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so BHVN is lagging the market.
In the last month BHVN has a been trading in the 14.18 - 17.73 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
BHVN has an average volume of 2236140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BHVN has a poor technical rating and the quality of the setup is also not perfect 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
14.25
15.96
2 important resistance areas can be observed.
- Resistance @14.87 from a trend line in the daily time frame.
- A resistance zone ranging from 15.45 to 15.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 BHVN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BHVN is down. |
| ChartMill Relative Strength | 3.36 | NEGATIVE | BHVN has a low relative strength, it was outperformed by 96.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BHVN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BHVN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BHVN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.72 | NEUTRAL | The RSI value for BHVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BHVN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 12.56 | OVERSOLD | The low Stochastics value suggests BHVN may be oversold. |
| Average True Range in percent/ATR (20) | 6.18 | HIGH VOLATILITY | The high ATR as a percentage value for BHVN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.62 | POSITIVE | The high ADX value value for BHVN suggests a strong 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)
14.39
-0.17 (-1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.17%
1 Week-8.29%
2 Weeks-11.23%
1 Month-11.45%
3 Month-49.58%
6 Month-60.31%
12 Month-57.12%
2 Year-39.84%
3 Year-90.12%
5 Year-80.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.91
ATR(20)%6.18%
ATR Inc-23.73%
Range Today0.79
ADR(20)0.87
ADR(20)%6.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.36
Mansfield-6.05
10 Day High17.73
10 Day Low14.18
20 Day High17.73
20 Day Low14.18
52 Week High55.7
52 Week Low14.18
CS1 EndN/A
CR1 Start14.87
Volume & EV
DER(3)-0.82%
DER(5)0.1%
Volume2.13M
Volume Incr-6.12%
Vol(5)2.23M
Vol(50)2.24M