BELITE BIO INC - ADR (BLTE) Technical Analysis
NASDAQ:BLTE • US07782B1044
Current stock price
BLTE Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to BLTE. In the last year, BLTE was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, BLTE did better than 95% of all other stocks. We also observe that the gains produced by BLTE over the past year are nicely spread over this period.
- BLTE is part of the Pharmaceuticals industry. There are 191 other stocks in this industry. BLTE outperforms 88% of them.
- BLTE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BLTE is lagging the market slightly.
- In the last month BLTE has a been trading in the 146.61 - 183.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BLTE Weekly and Daily overview Charts
BLTE Setup Rating and Analysis
BLTE 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.
More info and screens
BLTE Support and Resistance Analysis
147.68
We found 2 important support areas.
- A support zone ranging from 159.89 to 161.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 149.17 to 152.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 170.07 to 172.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 178.56 to 181.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
BLTE 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 | UP | POSITIVE | The long term trend for BLTE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLTE is neutral. |
| ChartMill Relative Strength | 95.52 | POSITIVE | BLTE has a high relative strength, it outperformed 95.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLTE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLTE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLTE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.36 | NEUTRAL | The RSI value for BLTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests BLTE has a negative trend. |
| Stochastics (14,3) | 42.79 | NEUTRAL | The Stochastics value for BLTE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.13 | HIGH VOLATILITY | The high ATR as a percentage value for BLTE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.74 | NEGATIVE | The low ADX value for BLTE suggests a weak or negative trend. |
BLTE Chart- and CandleStick Pattern Analysis
BLTE Technicals: Chart, Performance Metrics, Trend & Indicators
165.23
-0.2 (-0.12%)
BELITE BIO INC - ADR / BLTE TA FAQ
What is the ChartMill technical rating of BELITE BIO INC - ADR (BLTE) stock?
ChartMill assigns a technical rating of 8 / 10 to BLTE.
Can you provide the trend direction for BELITE BIO INC - ADR?
The current trend direction for BELITE BIO INC - ADR (BLTE) is Bullish.
Can you provide the RSI signal for BELITE BIO INC - ADR?
BELITE BIO INC - ADR (BLTE) has an RSI value of 48.3648. This indicates that the stock is currently neutral.
What is the support and resistance level for BLTE stock?
BELITE BIO INC - ADR (BLTE) has a support level at 161.61 and a resistance level at 170.07. Check the full technical report for our detailed analysis of BLTE support and resistance levels.