BELLUS HEALTH INC (BLU)

CA07987C2040 - Common Stock

14.74  0 (0%)

After market: 14.74 0 (0%)

Technical Rating and Analysis

9

Taking everything into account, BLU scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BLU is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
BLU is one of the better performing stocks in the Biotechnology industry, it outperforms 94% of 588 stocks in the same industry.
BLU is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BLU is leading the market.
BLU has an average volume of 6575830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BLU is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month BLU has a been trading in a tight range between 14.39 and 14.76.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
BLU Weekly chart
BLU Daily chart
Setup Rating and Analysis

8

BLU has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.70, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BLU in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

14.27

14.91

When analyzing the support we notice one important area.

  • A support zone ranging from 14.41 to 14.70. 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 one important area.

  • A resistance zone ranging from 14.75 to 14.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.91
Mansfield3.19
10 Day High14.76
10 Day Low14.39
20 Day High14.76
20 Day Low14.39
52 Week High14.76
52 Week Low6.38
Performance
1 Week0.14%
2 Weeks1.45%
1 Month1.24%
3 Month104.72%
6 Month79.32%
12 Month58.49%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)78.88
LBB14.48
UBB14.83
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
14.7714.380.39 (2.64%)25.00%
An entry @14.77. This is a Buy Stop order right above the resistance zone.An exit @14.38. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.39 points, which is 2.64%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%.

  • 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.
BLU Daily chart

BELLUS HEALTH INC

NASDAQ:BLU (6/28/2023, 7:00:02 PM)

After market: 14.74 0 (0%)

14.74

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week0.14%
2 Weeks1.45%
1 Month1.24%
3 Month104.72%
6 Month79.32%
12 Month58.49%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.05
ATR(20)%0.36%
ATR Inc
Range Today0.01
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High14.76
10 Day Low14.39
20 Day High14.76
20 Day Low14.39
52 Week High14.76
52 Week Low6.38
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.45M
Volume Incr-37.96%
Vol(5)1.96M
Vol(50)6.58M