BELITE BIO INC - ADR (BLTE) Stock Technical Analysis
NASDAQ:BLTE - Nasdaq - US07782B1044 - ADR - Currency: USD
Overall BLTE gets a technical rating of 2 out of 10. BLTE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month BLTE has a been trading in the 59.66 - 74.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
BLTE is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 70% of 195 stocks in the same industry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that BLTE is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BLTE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BLTE is lagging the market slightly.
The technical rating of BLTE is bad and it also does not present a 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
52.50
68.12
4 important support areas can be observed.
- Support @59.49 from a trend line in the weekly time frame.
- Support @56.45 from a trend line in the daily time frame.
- A support zone ranging from 55.46 to 55.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 53.03 to 53.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @65.87 from a trend line in the daily time frame.
- A resistance zone ranging from 67.29 to 67.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for BLTE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLTE is neutral. |
| ChartMill Relative Strength | 71.37 | POSITIVE | BLTE has a high relative strength, it outperformed 71.37% 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) | DOWN | NEGATIVE | The current price of BLTE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BLTE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.69 | NEUTRAL | The RSI value for BLTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests BLTE has a negative trend. |
| Stochastics (14,3) | 21.69 | NEUTRAL | The Stochastics value for BLTE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.72 | MEDIUM VOLATILITY | The ATR as a percentage value for BLTE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.79 | 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)
59.68
-4.54 (-7.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-7.07%
1 Week-8%
2 Weeks-7.66%
1 Month-2.05%
3 Month-5.55%
6 Month-19.75%
12 Month23.13%
2 Year317.63%
3 Year91.65%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.99
ATR(20)%4.72%
ATR Inc0.06%
Range Today4.24
ADR(20)2.51
ADR(20)%4.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.37
Mansfield-0.21
10 Day High66.1
10 Day Low59.66
20 Day High74.15
20 Day Low59.66
52 Week High86.53
52 Week Low43.7
CS1 End59.49
CR1 Start65.87
Volume & EV
DER(3)0.29%
DER(5)0.08%
Volume85.40K
Volume Incr-5.95%
Vol(5)28.54K
Vol(50)33.25K