BIOAFFINITY TECHNOLOGIES INC (BIAF) Technical Analysis
NASDAQ:BIAF • US09076W3079
We assign a technical rating of 1 out of 10 to BIAF. BIAF 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.
- 97% of all other stocks performed better in the past year than BIAF.
- BIAF is one of the lesser performing stocks in the Biotechnology industry. 85% of 520 stocks in the same industry do better.
- BIAF 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 BIAF is lagging the market.
- In the last month BIAF has a been trading in the 0.72 - 1.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Considerably lower volume is observed in the last couple of days.
BIAF has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for BIAF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.92
We found 3 important support areas.
- A support zone ranging from 1.03 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.99 from a trend line in the daily time frame.
- Support @0.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.06 from a trend line in the daily time frame.
- Resistance @1.18 from a horizontal 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 BIAF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BIAF is down. |
| ChartMill Relative Strength | 3.07 | NEGATIVE | BIAF has a low relative strength, it was outperformed by 96.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BIAF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BIAF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BIAF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.28 | NEUTRAL | The RSI value for BIAF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BIAF has a positive trend. |
| Stochastics (14,3) | 27.21 | NEUTRAL | The Stochastics value for BIAF is a neutral value. |
| Average True Range in percent/ATR (20) | 12.61 | HIGH VOLATILITY | The high ATR as a percentage value for BIAF suggests high volalility. |
| Average Directional Index/ADX (14) | 8.01 | NEGATIVE | The low ADX value for BIAF suggests a weak or negative trend. |
BIAF Technicals: Chart, Performance Metrics, Trend & Indicators
1.04
+0.01 (+0.97%)
BIOAFFINITY TECHNOLOGIES INC / BIAF FAQ
Can you provide the ChartMill technical rating for BIOAFFINITY TECHNOLOGIES INC?
ChartMill assigns a technical rating of 1 / 10 to BIAF.
What is the trend direction for BIAF stock?
The current trend direction for BIOAFFINITY TECHNOLOGIES INC (BIAF) is Bearish.
Can you provide the RSI signal for BIOAFFINITY TECHNOLOGIES INC?
BIOAFFINITY TECHNOLOGIES INC (BIAF) has an RSI value of 47.2829. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BIOAFFINITY TECHNOLOGIES INC?
The MACD indicator for BIOAFFINITY TECHNOLOGIES INC (BIAF) has a value of 0.00859146, indicating a bearish trend.
What is the buy/sell signal for BIOAFFINITY TECHNOLOGIES INC (BIAF) stock?
The buy/sell signal for BIOAFFINITY TECHNOLOGIES INC (BIAF) is sell as both the short term and long term trends are negative.