BELITE BIO INC - ADR (BLTE) Technical Analysis
NASDAQ:BLTE • US07782B1044
Current stock price
BLTE Technical Rating and Analysis
Taking everything into account, BLTE scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month BLTE has a been trading in the 146.61 - 181.99 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, BLTE did better than 95% of all other stocks.
- BLTE is part of the Pharmaceuticals industry. There are 192 other stocks in this industry. BLTE outperforms 86% of them.
- BLTE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BLTE is performing more or less in line with the market.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
BLTE Weekly and Daily overview Charts
BLTE Setup Rating and Analysis
BLTE has an average technical rating and the quality of the presented setup is also not ideal 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
When analyzing the support we notice one important area.
- A support zone ranging from 149.17 to 154.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 159.45 to 162.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @187.86 from a horizontal line 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 | DOWN | NEGATIVE | The short term trend for BLTE is down. |
| ChartMill Relative Strength | 95.31 | POSITIVE | BLTE has a high relative strength, it outperformed 95.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLTE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BLTE is below 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) | 46.68 | NEUTRAL | The RSI value for BLTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests BLTE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.31 | NEUTRAL | The Stochastics value for BLTE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for BLTE suggests high volalility. |
| Average Directional Index/ADX (14) | 30.74 | POSITIVE | The high ADX value value for BLTE suggests a strong trend. |
BLTE Chart- and CandleStick Pattern Analysis
BLTE Technicals: Chart, Performance Metrics, Trend & Indicators
159.44
+10.26 (+6.88%)
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 6 / 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 46.6793. This indicates that the stock is currently neutral.
What is the buy/sell signal for BLTE stock?
The buy/sell signal for BELITE BIO INC - ADR (BLTE) is hold as the short term and long term trends are mixed.
What is the support and resistance level for BLTE stock?
BELITE BIO INC - ADR (BLTE) has a support level at 154.21 and a resistance level at 159.45. Check the full technical report for our detailed analysis of BLTE support and resistance levels.