BIOHAVEN LTD (BHVN) Stock Technical Analysis
NYSE:BHVN • VGG1110E1079
We assign a technical rating of 2 out of 10 to BHVN. BHVN 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 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.
- When comparing the yearly performance of all stocks, BHVN is a bad performer in the overall market: 83% of all stocks are doing better.
- 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 10.61 - 14.01 range, which is quite wide. It is currently trading near the lows of this range.
- BHVN has an average volume of 3056010 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.
Although the technical rating is bad, BHVN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.92, a Stop Loss order could be placed below this zone.
More info and screens
10.44
We found 2 important support areas.
- A support zone ranging from 10.75 to 10.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.55 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 11.61 to 11.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.54 to 12.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 17.6 | NEGATIVE | BHVN has a low relative strength, it was outperformed by 82.4% 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) | UP | MIXED | The current price of BHVN is below 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) | 46.65 | NEUTRAL | The RSI value for BHVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests BHVN has a negative trend. |
| Stochastics (14,3) | 32.35 | NEUTRAL | The Stochastics value for BHVN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.87 | HIGH VOLATILITY | The high ATR as a percentage value for BHVN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.42 | NEGATIVE | The low ADX value for BHVN suggests a weak or negative trend. |
11.36
-0.14 (-1.22%)
BIOHAVEN LTD / BHVN FAQ
What is the technical rating for BHVN stock?
ChartMill assigns a technical rating of 2 / 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 46.6516. 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 10.92 and a resistance level at 11.61. Check the full technical report for our detailed analysis of BHVN support and resistance levels.