BENITEC BIOPHARMA INC (BNTC) Technical Analysis
NASDAQ:BNTC • US08205P2092
We assign a technical rating of 0 out of 10 to BNTC. BNTC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, BNTC is a bad performer in the overall market: 82% of all stocks are doing better.
- BNTC is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 60% are performing better than BNTC.
- BNTC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BNTC is lagging the market.
- In the last month BNTC has a been trading in the 9.85 - 12.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, BNTC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.50, a Stop Loss order could be placed below this zone.
More info and screens
9.99
We found 2 important support areas.
- A support zone ranging from 10.30 to 10.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.09 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 11.34 to 11.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.53 from a horizontal line in the daily time frame.
- Resistance @16.14 from a horizontal line in the daily time frame.
- Resistance @16.48 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 BNTC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BNTC is neutral. |
| ChartMill Relative Strength | 18.88 | NEGATIVE | BNTC has a low relative strength, it was outperformed by 81.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BNTC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BNTC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BNTC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.9 | NEUTRAL | The RSI value for BNTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BNTC has a positive trend. |
| Stochastics (14,3) | 61.82 | NEUTRAL | The Stochastics value for BNTC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.56 | HIGH VOLATILITY | The high ATR as a percentage value for BNTC suggests high volalility. |
| Average Directional Index/ADX (14) | 18.39 | NEGATIVE | The low ADX value for BNTC suggests a weak or negative trend. |
BNTC Technicals: Chart, Performance Metrics, Trend & Indicators
11.34
+0.74 (+6.98%)
BENITEC BIOPHARMA INC / BNTC FAQ
What is the technical rating for BNTC stock?
ChartMill assigns a technical rating of 0 / 10 to BNTC.
What is the current trend direction of BENITEC BIOPHARMA INC (BNTC) stock?
The current trend direction for BENITEC BIOPHARMA INC (BNTC) is Bearish.
What is the RSI signal for BENITEC BIOPHARMA INC (BNTC) stock?
BENITEC BIOPHARMA INC (BNTC) has an RSI value of 50.8968. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BENITEC BIOPHARMA INC?
The MACD indicator for BENITEC BIOPHARMA INC (BNTC) has a value of 0.0608249, indicating a bearish trend.