BIOLINERX LTD-SPONS ADR (BLRX) Technical Analysis
NASDAQ:BLRX • US09071M2052
Current stock price
BLRX Technical Rating and Analysis
Overall BLRX gets a technical rating of 0 out of 10. BLRX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BLRX is a bad performer in the overall market: 82% of all stocks are doing better.
- BLRX is one of the lesser performing stocks in the Biotechnology industry. 62% of 517 stocks in the same industry do better.
- BLRX 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 BLRX is lagging the market.
- In the last month BLRX has a been trading in the 2.56 - 3.02 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: BLRX has an average volume of 13160 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
BLRX Weekly and Daily overview Charts
BLRX Setup Rating and Analysis
BLRX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.72. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for BLRX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BLRX Support and Resistance Analysis
2.62
When analyzing the support we notice one important area.
- A support zone ranging from 2.65 to 2.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.72 to 2.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.86 to 2.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.56 to 3.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
BLRX 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 | DOWN | NEGATIVE | The long term trend for BLRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLRX is down. |
| ChartMill Relative Strength | 18.31 | NEGATIVE | BLRX has a low relative strength, it was outperformed by 81.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.81 | NEUTRAL | The RSI value for BLRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BLRX has a positive trend. |
| Stochastics (14,3) | 26.05 | NEUTRAL | The Stochastics value for BLRX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.83 | HIGH VOLATILITY | The high ATR as a percentage value for BLRX suggests high volalility. |
| Average Directional Index/ADX (14) | 13.64 | NEGATIVE | The low ADX value for BLRX suggests a weak or negative trend. |
BLRX Chart- and CandleStick Pattern Analysis
BLRX Technicals: Chart, Performance Metrics, Trend & Indicators
2.7094
+0.09 (+3.41%)
BIOLINERX LTD-SPONS ADR / BLRX TA FAQ
Can you provide the ChartMill technical rating for BIOLINERX LTD-SPONS ADR?
ChartMill assigns a technical rating of 0 / 10 to BLRX.
Can you provide the trend direction for BIOLINERX LTD-SPONS ADR?
The current trend direction for BIOLINERX LTD-SPONS ADR (BLRX) is Bearish.
What is the RSI signal for BLRX stock?
BIOLINERX LTD-SPONS ADR (BLRX) has an RSI value of 45.8136. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BIOLINERX LTD-SPONS ADR?
The MACD indicator for BIOLINERX LTD-SPONS ADR (BLRX) has a value of 0.00304034, indicating a bearish trend.
Can you provide the short term momentum for BIOLINERX LTD-SPONS ADR?
The short term momentum for BIOLINERX LTD-SPONS ADR (BLRX) is negative.