BIOHAVEN LTD (BHVN) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BHVN • VGG1110E1079
Taking everything into account, BHVN scores 3 out of 10 in our technical rating. In the past year, BHVN 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 82% of all other stocks performed better in the past year than BHVN.
- BHVN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BHVN has a been trading in the 10.35 - 14.01 range, which is quite wide. It is currently trading near the lows of this range.
- BHVN has an average volume of 3065870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BHVN is an average performer in the Biotechnology industry, it outperforms 41% of 523 stocks in the same industry.
BHVN has a poor technical rating and the quality of the setup is also only medium 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
10.57
We found 1 important support area.
- A support zone ranging from 10.68 to 10.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @12.92 from a trend line in the daily time frame.
- Resistance @15.51 from a trend line 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 | NEUTRAL | NEUTRAL | The short term trend for BHVN is neutral. |
| ChartMill Relative Strength | 18.35 | NEGATIVE | BHVN has a low relative strength, it was outperformed by 81.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BHVN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BHVN is above the rising 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) | 49.04 | NEUTRAL | The RSI value for BHVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests BHVN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.36 | OVERSOLD | The low Stochastics value suggests BHVN may be oversold. |
| Average True Range in percent/ATR (20) | 9.22 | HIGH VOLATILITY | The high ATR as a percentage value for BHVN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.71 | NEGATIVE | The low ADX value for BHVN suggests a weak or negative trend. |
11.6
+0.84 (+7.81%)
BIOHAVEN LTD / BHVN FAQ
What is the technical rating for BHVN stock?
ChartMill assigns a technical rating of 3 / 10 to BHVN.
Can you provide the trend direction for BIOHAVEN LTD?
The current trend direction for BIOHAVEN LTD (BHVN) is Bearish.
Can you provide the RSI signal for BIOHAVEN LTD?
BIOHAVEN LTD (BHVN) has an RSI value of 49.0358. This indicates that the stock is currently neutral.
What is the short term momentum for BIOHAVEN LTD (BHVN) stock?
The short term momentum for BIOHAVEN LTD (BHVN) is neutral.
Can you provide the support and resistance levels for BIOHAVEN LTD?
BIOHAVEN LTD (BHVN) has a support level at 10.75 and a resistance level at 12.92. Check the full technical report for our detailed analysis of BHVN support and resistance levels.