BIOAFFINITY TECHNOLOGIES INC (BIAF) Stock Technical Analysis
NASDAQ:BIAF - Nasdaq - US09076W1099 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to BIAF. Recently some decent action could be observed, but in the medium term time frame this is still negative. BIAF was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, BIAF is a bad performer in the overall market: 99% of all stocks are doing better.
BIAF is part of the Biotechnology industry. There are 556 other stocks in this industry, of which 85% are performing better than BIAF.
BIAF 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
BIAF has an average volume of 8855500 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.
In the last month BIAF has a been trading in the 0.22 - 0.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BIAF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.25
0.41
2 important support areas can be observed.
- A support zone ranging from 0.30 to 0.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.25 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.38 from a trend line in the daily time frame.
- Resistance @0.41 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 | UP | POSITIVE | The short term trend for BIAF is up. |
| ChartMill Relative Strength | 1.81 | NEGATIVE | BIAF has a low relative strength, it was outperformed by 98.19% 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) | 59.13 | 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) | 67.14 | NEUTRAL | The Stochastics value for BIAF is a neutral value. |
| Average True Range in percent/ATR (20) | 15.07 | HIGH VOLATILITY | The high ATR as a percentage value for BIAF suggests high volalility. |
| Average Directional Index/ADX (14) | 38.8 | POSITIVE | The high ADX value value for BIAF suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.3574
+0.03 (+7.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg7.68%
1 Week16.49%
2 Weeks31.2%
1 Month42.33%
3 Month-30.6%
6 Month-47.05%
12 Month-85.41%
2 Year-79.69%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%15.07%
ATR Inc-29.34%
Range Today0.03
ADR(20)0.05
ADR(20)%14.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.81
Mansfield-6.54
10 Day High0.36
10 Day Low0.27
20 Day High0.46
20 Day Low0.22
52 Week High2.99
52 Week Low0.16
CS1 End0.3
CR1 Start0.37
Volume & EV
DER(3)-0.18%
DER(5)-4.53%
Volume1.37M
Volume Incr-60.05%
Vol(5)4.64M
Vol(50)8.86M