BIOHAVEN LTD (BHVN) Technical Analysis
NYSE:BHVN • VGG1110E1079
Current stock price
BHVN Technical Rating and Analysis
Taking everything into account, BHVN scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 94% of all other stocks performed better in the past year than BHVN.
- BHVN is one of the lesser performing stocks in the Biotechnology industry. 78% of 517 stocks in the same industry do better.
- BHVN is currently trading near the lower end of its 52 week range, which is not a good sign. 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 8.28 - 12.10 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 2364610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BHVN Weekly and Daily overview Charts
BHVN Setup Rating and Analysis
The technical rating of BHVN is bad and it also does not present a 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
BHVN Support and Resistance Analysis
8.29
2 important resistance areas can be observed.
- Resistance @10.33 from a trend line in the daily time frame.
- Resistance @10.74 from a trend line in the weekly time frame.
BHVN 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 | 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 | 6.42 | NEGATIVE | BHVN has a low relative strength, it was outperformed by 93.58% 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) | 31.58 | NEUTRAL | The RSI value for BHVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests BHVN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.49 | OVERSOLD | The low Stochastics value suggests BHVN may be oversold. |
| Average True Range in percent/ATR (20) | 9.21 | HIGH VOLATILITY | The high ATR as a percentage value for BHVN suggests high volalility. |
| Average Directional Index/ADX (14) | 16 | NEGATIVE | The low ADX value for BHVN suggests a weak or negative trend. |
BHVN Chart- and CandleStick Pattern Analysis
BHVN Technicals: Chart, Performance Metrics, Trend & Indicators
8.37
-0.55 (-6.17%)
BIOHAVEN LTD / BHVN TA FAQ
What is the technical rating for BHVN stock?
ChartMill assigns a technical rating of 0 / 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 31.5774. 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 negative.
Can you provide the support and resistance levels for BIOHAVEN LTD?
BIOHAVEN LTD (BHVN) has a resistance level at 10.33. Check the full technical report for our detailed analysis of BHVN support and resistance levels.