BLUEBIRD BIO INC (BLUE) Stock Technical Analysis
NASDAQ:BLUE - Nasdaq - US09609G2093 - Common Stock - Currency: USD
Taking everything into account, BLUE scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BLUE was also a bad performer in the overall market in the last year.
89% of all other stocks performed better in the past year than BLUE.
BLUE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BLUE has a been trading in the 3.20 - 5.03 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
BLUE is part of the Biotechnology industry. There are 555 other stocks in this industry, BLUE did better than 41% of them.
BLUE has an average technical rating and the quality of the presented setup is also 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
4.91
5.21
When analyzing the support we notice one important area.
- A support zone ranging from 4.96 to 4.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.98 to 5.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.16 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for BLUE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLUE is up. |
| ChartMill Relative Strength | 11.91 | NEGATIVE | BLUE has a low relative strength, it was outperformed by 88.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLUE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLUE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLUE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.84 | NEUTRAL | The RSI value for BLUE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BLUE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.8 | OVERBOUGHT | The high Stochastics value suggests BLUE may be overbought. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for BLUE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.36 | NEUTRAL | The ADX value for BLUE suggests a possible start of a new 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)
4.97
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week-0.4%
2 Weeks0%
1 Month22.72%
3 Month21.81%
6 Month-38.64%
12 Month-72.49%
2 Year-92.58%
3 Year-92.23%
5 Year-99.61%
10 Year-99.87%
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%4.53%
ATR Inc142.36%
Range Today0.36
ADR(20)0.14
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.91
Mansfield-5.24
10 Day High5.03
10 Day Low4.4
20 Day High5.03
20 Day Low3.2
52 Week High28.6
52 Week Low3.2
CS1 End4.96
CR1 Start4.98
Volume & EV
DER(3)6.35%
DER(5)3.47%
Volume1.25M
Volume Incr-9.59%
Vol(5)795.54K
Vol(50)660.88K