BIOLIFE SOLUTIONS INC (BLFS) Technical Analysis
NASDAQ:BLFS • US09062W2044
Taking everything into account, BLFS scores 0 out of 10 in our technical rating. BLFS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, BLFS is a bad performer in the overall market: 85% of all stocks are doing better.
- BLFS is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 60% of 57 stocks in the same industry do better.
- BLFS 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 BLFS is lagging the market.
- In the last month BLFS has a been trading in the 19.22 - 25.25 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of BLFS is bad and it also does not present a 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
19.66
When analyzing the support we notice one important area.
- A support zone ranging from 19.86 to 19.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 24.11 to 24.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @25.35 from a trend line in the daily time frame.
- Resistance @26.99 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 BLFS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLFS is down. |
| ChartMill Relative Strength | 15.69 | NEGATIVE | BLFS has a low relative strength, it was outperformed by 84.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLFS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLFS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLFS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.93 | NEUTRAL | The RSI value for BLFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests BLFS has a negative trend. |
| Stochastics (14,3) | 10.6 | OVERSOLD | The low Stochastics value suggests BLFS may be oversold. |
| Average True Range in percent/ATR (20) | 5.56 | HIGH VOLATILITY | The high ATR as a percentage value for BLFS suggests high volalility. |
| Average Directional Index/ADX (14) | 19.8 | NEGATIVE | The low ADX value for BLFS suggests a weak or negative trend. |
BLFS Technicals: Chart, Performance Metrics, Trend & Indicators
19.9
+0.04 (+0.2%)
BIOLIFE SOLUTIONS INC / BLFS FAQ
What is the ChartMill technical rating of BIOLIFE SOLUTIONS INC (BLFS) stock?
ChartMill assigns a technical rating of 0 / 10 to BLFS.
Can you provide the trend direction for BIOLIFE SOLUTIONS INC?
The current trend direction for BIOLIFE SOLUTIONS INC (BLFS) is Bearish.
Can you provide the RSI signal for BIOLIFE SOLUTIONS INC?
BIOLIFE SOLUTIONS INC (BLFS) has an RSI value of 34.9315. This indicates that the stock is currently neutral.
What is the MACD signal for BLFS stock?
The MACD indicator for BIOLIFE SOLUTIONS INC (BLFS) has a value of -0.253718, indicating a bearish trend.
What are the support and resistance levels for BIOLIFE SOLUTIONS INC (BLFS) stock?
BIOLIFE SOLUTIONS INC (BLFS) has a support level at 19.86 and a resistance level at 24.11. Check the full technical report for our detailed analysis of BLFS support and resistance levels.