BIOAFFINITY TECHNOLOGIES INC (BIAF) Technical Analysis
NASDAQ:BIAF • US09076W3079
Current stock price
BIAF Technical Rating and Analysis
Taking everything into account, BIAF scores 8 out of 10 in our technical rating. BIAF has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- BIAF is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BIAF is lagging the market.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- BIAF is one of the better performing stocks in the Biotechnology industry, it outperforms 75% of 517 stocks in the same industry.
- BIAF has an average volume of 10406600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that BIAF is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month BIAF has a been trading in the 0.94 - 5.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
BIAF Weekly and Daily overview Charts
BIAF Setup Rating and Analysis
Although BIAF has an excellent technical rating, it does not offer a high 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
BIAF Support and Resistance Analysis
3.50
We found 1 important resistance area.
- Resistance @4.01 from a horizontal line in the weekly time frame.
BIAF 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 | NEUTRAL | NEUTRAL | The long term trend for BIAF is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIAF is up. |
| ChartMill Relative Strength | 91.62 | POSITIVE | BIAF has a high relative strength, it outperformed 91.62% 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) | UP | POSITIVE | The current price of BIAF is above the rising 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) | 59.61 | NEUTRAL | The RSI value for BIAF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests BIAF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.37 | NEUTRAL | The Stochastics value for BIAF is a neutral value. |
| Average True Range in percent/ATR (20) | 21.12 | HIGH VOLATILITY | The high ATR as a percentage value for BIAF suggests high volalility. |
| Average Directional Index/ADX (14) | 50.48 | POSITIVE | The high ADX value value for BIAF suggests a strong trend. |
BIAF Chart- and CandleStick Pattern Analysis
BIAF Technicals: Chart, Performance Metrics, Trend & Indicators
3.54
-0.46 (-11.5%)
BIOAFFINITY TECHNOLOGIES INC / BIAF TA FAQ
Can you provide the ChartMill technical rating for BIOAFFINITY TECHNOLOGIES INC?
ChartMill assigns a technical rating of 8 / 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 59.606. 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 0.169854, indicating a bearish trend.