We assign a technical rating of 10 out of 10 to BLTE. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that BLTE is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by BLTE over the past year are nicely spread over this period.
- BLTE is part of the Pharmaceuticals industry. There are 191 other stocks in this industry. BLTE outperforms 92% of them.
- 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 146.06 - 170.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, BLTE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 165.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 158.26, 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.
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147.07
When analyzing the support we can see 2 important areas.
- A support zone ranging from 153.98 to 158.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 148.56 to 149.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 165.29 to 165.30. This zone is formed by a combination of multiple trend lines 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 | 97.5 | POSITIVE | BLTE has a high relative strength, it outperformed 97.5% 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) | 57.93 | NEUTRAL | The RSI value for BLTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.16 | NEGATIVE | The MACD value suggests BLTE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.33 | NEUTRAL | The Stochastics value for BLTE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for BLTE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.75 | 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 |
|---|---|---|---|
| 165.31 | 153.97 | 11.34 (6.86%) | 14.58% |
| An entry @165.31. This is a Buy Stop order right above the resistance zone. | An exit @153.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 11.34 points, which is 6.86%. | When investing 14.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BLTE. Please evaluate whether better entry and exit points can be found.
- 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.
159.85
+0.66 (+0.41%)
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 57.929. 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 -1.15894, indicating a bearish trend.
What is the support and resistance level for BLTE stock?
BELITE BIO INC - ADR (BLTE) has a support level at 158.26 and a resistance level at 165.29. Check the full technical report for our detailed analysis of BLTE support and resistance levels.