BIOLIFE SOLUTIONS INC (BLFS) Stock Technical Analysis
NASDAQ:BLFS - US09062W2044 - Common Stock
We assign a technical rating of 8 out of 10 to BLFS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BLFS is only an average performer.
Besides having an excellent technical rating, BLFS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.25, a Stop Loss order could be placed below this zone.
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20.27
3 important support areas can be observed.
- A support zone ranging from 24.92 to 25.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.02 to 21.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 25.68 to 25.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @26.41 from a horizontal line in the daily time frame.
- Resistance @27.78 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for BLFS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLFS is up. |
| ChartMill Relative Strength | 54.14 | NEUTRAL | BLFS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLFS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLFS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BLFS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.36 | NEUTRAL | The RSI value for BLFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BLFS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.55 | NEUTRAL | The Stochastics value for BLFS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for BLFS suggests some volalility. |
| Average Directional Index/ADX (14) | 33.14 | POSITIVE | The high ADX value value for BLFS suggests a strong trend. |
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 |
|---|---|---|---|
| 25.97 | 24.91 | 1.06 (4.08%) | 24.50% |
| An entry @25.97. This is a Buy Stop order right above the resistance zone. | An exit @24.91. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.06 points, which is 4.08%. | When investing 24.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BLFS. Please evaluate whether better entry and exit points can be found.
- 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.
25.34
+0.29 (+1.16%)