BIOHAVEN LTD (BHVN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BHVN - VGG1110E1079 - Common Stock
Taking everything into account, BHVN scores 2 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.
Although the technical rating is bad, BHVN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.76, a Stop Loss order could be placed below this zone.
More info and screens
9.51
We found 1 important support area.
- A support zone ranging from 9.61 to 9.76. 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.
- A resistance zone ranging from 11.54 to 11.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.12 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 | UP | POSITIVE | The short term trend for BHVN is up. |
| ChartMill Relative Strength | 5.36 | NEGATIVE | BHVN has a low relative strength, it was outperformed by 94.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BHVN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BHVN is above 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) | 51.69 | NEUTRAL | The RSI value for BHVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BHVN has a positive trend. |
| Stochastics (14,3) | 76.31 | NEUTRAL | The Stochastics value for BHVN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.94 | HIGH VOLATILITY | The high ATR as a percentage value for BHVN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.69 | NEGATIVE | The low ADX value for BHVN suggests a weak or negative trend. |
11.11
-0.25 (-2.2%)
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 51.6885. 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 positive.
Can you provide the support and resistance levels for BIOHAVEN LTD?
BIOHAVEN LTD (BHVN) has a support level at 9.76 and a resistance level at 11.54. Check the full technical report for our detailed analysis of BHVN support and resistance levels.