BELITE BIO INC - ADR (BLTE) Stock Technical Analysis
USA - NASDAQ:BLTE - US07782B1044 - ADR
69.48 USD
+0.93 (+1.36%)
69.48 USD
0 (0%)
Overall BLTE gets a technical rating of 10 out of 10. 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.
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 84% of all other stocks. On top of that, BLTE also shows a nice and consistent pattern of rising prices.
BLTE is part of the Pharmaceuticals industry. There are 195 other stocks in this industry. BLTE outperforms 72% of them.
In the last month BLTE has a been trading in the 60.00 - 70.26 range, which is quite wide. It is currently trading near the high of this range.
BLTE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLTE is lagging the market.
Although BLTE has an excellent technical rating, the quality of the presented setup is 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
54.92
75.11
We found 4 important support areas.
- A support zone ranging from 63.03 to 66.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @61.81 from a horizontal line in the daily time frame.
- A support zone ranging from 58.55 to 59.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 55.47 to 55.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @69.88 from a horizontal line in the weekly time frame.
- Resistance @74.37 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 | 84.7 | POSITIVE | BLTE has a high relative strength, it outperformed 84.7% 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) | DOWN | MIXED | The current price of BLTE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.13 | NEUTRAL | The RSI value for BLTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests BLTE has a positive trend. |
| Stochastics (14,3) | 77.95 | NEUTRAL | The Stochastics value for BLTE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for BLTE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.43 | NEGATIVE | The low ADX value for BLTE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 69.89 | 62.17 | 7.72 (11.05%) | 9.05% |
| An entry @69.89. This is a Buy Stop order right above the resistance zone. | An exit @62.17. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.72 points, which is 11.05%. | For a 1.00% total portfolio risk, you can invest 9.05% of your capital in this trade. |
- 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.
69.48
+0.93 (+1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.36%
1 Week5.69%
2 Weeks7.7%
1 Month0.72%
3 Month16.68%
6 Month3.02%
12 Month42.32%
2 Year118.15%
3 Year107.09%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.56
ATR(20)%4.09%
ATR Inc19.44%
Range Today2.7
ADR(20)2.65
ADR(20)%3.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.7
Mansfield0.06
10 Day High69.9
10 Day Low62.18
20 Day High70.26
20 Day Low60
52 Week High86.53
52 Week Low43.7
CS1 End66.1
CR1 Start69.88
Volume & EV
DER(3)6.7%
DER(5)0.79%
Volume66.20K
Volume Incr-10.28%
Vol(5)35.94K
Vol(50)51.06K