BELITE BIO INC - ADR (BLTE) Stock Technical Analysis
USA - NASDAQ:BLTE - US07782B1044 - ADR
Taking everything into account, BLTE scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BLTE is showing a nice and steady performance.
Although BLTE has an excellent technical rating, it does not offer a high 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
54.95
3 important support areas can be observed.
- Support @70.60 from a trend line in the daily time frame.
- A support zone ranging from 67.30 to 68.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.50 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 | UP | POSITIVE | The long term trend for BLTE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLTE is up. |
| ChartMill Relative Strength | 93.53 | POSITIVE | BLTE has a high relative strength, it outperformed 93.53% 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) | UP | POSITIVE | The current price of BLTE is above the rising 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) | 85.71 | OVERBOUGHT | The high RSI value suggests BLTE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.45 | POSITIVE | The MACD value suggests BLTE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.99 | OVERBOUGHT | The high Stochastics value suggests BLTE may be overbought. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for BLTE suggests some volalility. |
| Average Directional Index/ADX (14) | 63.44 | POSITIVE | The high ADX value value for BLTE suggests a strong trend. |
117.34
+4.15 (+3.67%)
BELITE BIO INC - ADR / BLTE FAQ
What is the ChartMill technical rating of BELITE BIO INC - ADR (BLTE) stock?
ChartMill assigns a technical rating of 9 / 10 to BLTE.
What is the current trend direction of BELITE BIO INC - ADR (BLTE) stock?
The current trend direction for BELITE BIO INC - ADR (BLTE) is Bullish.
What is the RSI signal for BELITE BIO INC - ADR (BLTE) stock?
BELITE BIO INC - ADR (BLTE) has an RSI value of 85.7117. This indicates that the stock is currently overbought.
What is the MACD signal for BLTE stock?
The MACD indicator for BELITE BIO INC - ADR (BLTE) has a value of 1.45079, indicating a bullish trend.
What are the support and resistance levels for BELITE BIO INC - ADR (BLTE) stock?
BELITE BIO INC - ADR (BLTE) has a support level at 70.6. Check the full technical report for our detailed analysis of BLTE support and resistance levels.