BIOVERATIV INC (BIVV) Stock Technical Analysis
NASDAQ:BIVV
Overall BIVV gets a technical rating of 9 out of 10. Both in the recent history as in the last year, BIVV has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- BIVV is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- BIVV has an average volume of 2842410 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 BIVV is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month BIVV has a been trading in a tight range between 102.51 and 105.01.
- Volume is considerably higher in the last couple of days.
BIVV 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.
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64.03
When analyzing the support we can see 2 important areas.
- A support zone ranging from 103.35 to 104.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.68 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 104.99 to 104.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BIVV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIVV is up. |
| ChartMill Relative Strength | 97.96 | POSITIVE | BIVV has a high relative strength, it outperformed 97.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BIVV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIVV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIVV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 86.98 | OVERBOUGHT | The high RSI value suggests BIVV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.24 | NEGATIVE | The MACD value suggests BIVV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 88.89 | OVERBOUGHT | The high Stochastics value suggests BIVV may be overbought. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for BIVV suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 105.00 | 104.13 | 0.87 (0.83%) | 25.00% |
| An entry @105.00. This is a Buy Stop order right above the resistance zone. | An exit @104.13. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.87 points, which is 0.83%. | For a 0.21% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
104.98
+0.33 (+0.32%)
BIOVERATIV INC / BIVV FAQ
What is the technical rating for BIVV stock?
ChartMill assigns a technical rating of 8 / 10 to BIVV.
Can you provide the trend direction for BIOVERATIV INC?
The current trend direction for BIOVERATIV INC (BIVV) is Bullish.
What is the RSI signal for BIOVERATIV INC (BIVV) stock?
BIOVERATIV INC (BIVV) has an RSI value of 86.9803. This indicates that the stock is currently overbought.
What is the buy/sell signal for BIVV stock?
The buy/sell signal for BIOVERATIV INC (BIVV) is buy as both the short term and long term trends are positive.
What is the support and resistance level for BIVV stock?
BIOVERATIV INC (BIVV) has a support level at 104.74 and a resistance level at 104.99. Check the full technical report for our detailed analysis of BIVV support and resistance levels.