BNR Technical Analysis - BURNING ROCK BIOTECH LTD-ADR

Technical Rating and Analysis

Overall BNR gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month BNR has a been trading in the 8.02 - 9.79 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.

Looking at the yearly performance, BNR did better than 96% of all other stocks. On top of that, BNR also shows a nice and consistent pattern of rising prices.

BNR is one of the better performing stocks in the Biotechnology industry, it outperforms 94% of 536 stocks in the same industry.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

BNR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BNR is lagging the market.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

BURNING ROCK BIOTECH LTD-ADR / BNR Weekly stock chart

BURNING ROCK BIOTECH LTD-ADR / BNR Daily stock chart

Setup Rating and Analysis

BNR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

7.94

9.57

We found 1 important support area.

A support zone ranging from 8.02 to 8.02. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 8.53 to 8.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @9.03 from a horizontal line in the weekly time frame.
A resistance zone ranging from 9.30 to 9.48. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for BNR is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BNR is down.
ChartMill Relative Strength	96.88	POSITIVE	BNR has a high relative strength, it outperformed 96.88% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BNR is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of BNR is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BNR is above the rising SMA(200).
Relative Strength Index/RSI (14)	42.4	NEUTRAL	The RSI value for BNR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests BNR has a negative trend.
Stochastics (14,3)	7.88	OVERSOLD	The low Stochastics value suggests BNR may be oversold.
Average True Range in percent/ATR (20)	6.99	HIGH VOLATILITY	The high ATR as a percentage value for BNR suggests high volalility.
Average Directional Index/ADX (14)	20.99	NEUTRAL	The ADX value for BNR suggests a possible start of a new trend.