BELITE BIO INC - ADR (BLTE) Stock Technical Analysis
NASDAQ:BLTE • US07782B1044
Overall BLTE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, BLTE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, BLTE did better than 98% of all other stocks.
- BLTE is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 91% of 192 stocks in the same industry.
- BLTE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BLTE has a been trading in the 160.00 - 200.00 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BLTE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 178.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BLTE 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
167.04
When analyzing the support we can see 2 important areas.
- A support zone ranging from 173.90 to 178.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @168.73 from a trend 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 | 98.01 | POSITIVE | BLTE has a high relative strength, it outperformed 98.01% 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) | 67.04 | NEUTRAL | The RSI value for BLTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BLTE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.54 | NEUTRAL | The Stochastics value for BLTE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for BLTE suggests high volalility. |
| Average Directional Index/ADX (14) | 31.98 | POSITIVE | The high ADX value value for BLTE 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 |
|---|---|---|---|
| 191.51 | 173.89 | 17.62 (9.20%) | 10.87% |
| An entry @191.51. This is a Buy Stop order right above the 10 day high. | An exit @173.89. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 17.62 points, which is 9.20%. | When investing 10.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NASDAQ:BLTE (2/24/2026, 3:53:17 PM)
186.07
-3.19 (-1.69%)
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 10 / 10 to BLTE.
What is the trend direction for 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 67.0429. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BELITE BIO INC - ADR?
The MACD indicator for BELITE BIO INC - ADR (BLTE) has a value of -0.0619999, indicating a bearish trend.
What is the support and resistance level for BLTE stock?
BELITE BIO INC - ADR (BLTE) has a support level at 178.46. Check the full technical report for our detailed analysis of BLTE support and resistance levels.