BHVN Technical Analysis - BIOHAVEN LTD

Technical Rating and Analysis

Taking everything into account, BHVN scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BHVN was also a bad performer in the overall market in the last year.

93% of all other stocks performed better in the past year than BHVN.

BHVN is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 75% are performing better than BHVN.

BHVN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month BHVN has a been trading in the 13.40 - 16.24 range, which is quite wide. It is currently trading near the high of this range.

BHVN has an average volume of 2266660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.28

19.07

We found 3 important support areas.

A support zone ranging from 14.51 to 14.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @13.74 from a trend line in the daily time frame.
A support zone ranging from 13.41 to 13.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 15.88 to 15.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @16.21 from a horizontal line in the daily time frame.
Resistance @18.88 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The short term trend for BHVN is up.
ChartMill Relative Strength	7.02	NEGATIVE	BHVN has a low relative strength, it was outperformed by 92.98% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of BHVN is above a declining 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)	57.85	NEUTRAL	The RSI value for BHVN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.16	POSITIVE	The MACD value suggests BHVN has a positive trend.
Stochastics (14,3)	79.22	NEUTRAL	The Stochastics value for BHVN is a neutral value.
Average True Range in percent/ATR (20)	5.7	HIGH VOLATILITY	The high ATR as a percentage value for BHVN suggests high volalility.
Average Directional Index/ADX (14)	13.63	NEGATIVE	The low ADX value for BHVN suggests a weak or negative trend.