BIOAFFINITY TECHNOLOGIES INC (BIAF) Technical Analysis
NASDAQ:BIAF • US09076W3079
Current stock price
BIAF Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to BIAF. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BIAF is showing a nice and steady performance.
- 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 long and short term trends are both positive. This is looking good!
- BIAF is one of the better performing stocks in the Biotechnology industry, it outperforms 77% of 517 stocks in the same industry.
- BIAF has an average volume of 10677300 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 93% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month BIAF has a been trading in the 1.00 - 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
BIAF has an excellent technical rating, but the quality of the setup is only medium 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
4.04
When analyzing the support we notice one important area.
- A support zone ranging from 4.08 to 4.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.48 from a trend line in the daily time frame.
- A resistance zone ranging from 4.71 to 4.75. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for BIAF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIAF is up. |
| ChartMill Relative Strength | 93.74 | POSITIVE | BIAF has a high relative strength, it outperformed 93.74% 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 | MIXED | The current price of BIAF is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.99 | NEUTRAL | The RSI value for BIAF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BIAF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.68 | NEUTRAL | The Stochastics value for BIAF is a neutral value. |
| Average True Range in percent/ATR (20) | 20.45 | HIGH VOLATILITY | The high ATR as a percentage value for BIAF suggests high volalility. |
| Average Directional Index/ADX (14) | 54.9 | 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
4.18
+0.26 (+6.63%)
BIOAFFINITY TECHNOLOGIES INC / BIAF TA FAQ
Can you provide the ChartMill technical rating for BIOAFFINITY TECHNOLOGIES INC?
ChartMill assigns a technical rating of 9 / 10 to BIAF.
What is the trend direction for BIAF stock?
The current trend direction for BIOAFFINITY TECHNOLOGIES INC (BIAF) is Bullish.
What is the RSI signal for BIAF stock?
BIOAFFINITY TECHNOLOGIES INC (BIAF) has an RSI value of 63.9857. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for BIOAFFINITY TECHNOLOGIES INC?
The buy/sell signal for BIOAFFINITY TECHNOLOGIES INC (BIAF) is buy as both the short term and long term trends are positive.
What is the support and resistance level for BIAF stock?
BIOAFFINITY TECHNOLOGIES INC (BIAF) has a support level at 4.09 and a resistance level at 4.48. Check the full technical report for our detailed analysis of BIAF support and resistance levels.