BLUEBIRD BIO INC (BLUE) Technical Analysis
NASDAQ:BLUE • US09609G2093
Current stock price
BLUE Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to BLUE. In the past year, BLUE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, BLUE is a bad performer in the overall market: 89% of all stocks are doing better.
- BLUE is one of the lesser performing stocks in the Biotechnology industry. 69% of 516 stocks in the same industry do better.
- 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 short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
BLUE Weekly and Daily overview Charts
BLUE Setup Rating and Analysis
BLUE has an average technical rating and also the quality of the setup is only medium 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
BLUE Support and Resistance Analysis
4.91
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.
BLUE Technical Indicator Signal Analysis
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. |
BLUE Chart- and CandleStick Pattern Analysis
BLUE Technicals: Chart, Performance Metrics, Trend & Indicators
4.97
0 (0%)
BLUEBIRD BIO INC / BLUE TA FAQ
What is the technical rating for BLUE stock?
ChartMill assigns a technical rating of 4 / 10 to BLUE.
Can you provide the trend direction for BLUEBIRD BIO INC?
The current trend direction for BLUEBIRD BIO INC (BLUE) is Bearish.
Can you provide the RSI signal for BLUEBIRD BIO INC?
BLUEBIRD BIO INC (BLUE) has an RSI value of 62.8423. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BLUEBIRD BIO INC?
The short term momentum for BLUEBIRD BIO INC (BLUE) is positive.
Can you provide the support and resistance levels for BLUEBIRD BIO INC?
BLUEBIRD BIO INC (BLUE) has a support level at 4.96 and a resistance level at 4.98. Check the full technical report for our detailed analysis of BLUE support and resistance levels.