BENITEC BIOPHARMA INC (BNTC) Stock Technical Analysis
USA - NASDAQ:BNTC - US08205P2092 - Common Stock
13.7 USD
-0.22 (-1.58%)
13.7 USD
0 (0%)
We assign a technical rating of 8 out of 10 to BNTC. BNTC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BNTC is one of the better performing stocks in the market, outperforming 79% of all stocks.
BNTC is one of the better performing stocks in the Biotechnology industry, it outperforms 71% of 540 stocks in the same industry.
BNTC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BNTC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BNTC is lagging the market.
BNTC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.69, a Stop Loss order could be placed below this zone.
More info and screens
11.02
16.96
We found 3 important support areas.
- A support zone ranging from 13.08 to 13.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.69 from a trend line in the weekly time frame.
- A support zone ranging from 11.13 to 11.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.77 to 14.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.79 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for BNTC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNTC is up. |
| ChartMill Relative Strength | 79.48 | POSITIVE | BNTC has a high relative strength, it outperformed 79.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BNTC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNTC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNTC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.86 | NEUTRAL | The RSI value for BNTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BNTC has a negative trend. |
| Stochastics (14,3) | 66.56 | NEUTRAL | The Stochastics value for BNTC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for BNTC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.51 | NEGATIVE | The low ADX value for BNTC suggests a weak or negative 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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.02 | 13.29 | 0.73 (5.21%) | 19.21% |
| An entry @14.02. This is a Buy Stop order right above the resistance zone. | An exit @13.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.73 points, which is 5.21%. | For a 1.00% total portfolio risk, you can invest 19.21% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BNTC. Please evaluate whether better entry and exit points can be found.
- 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.
13.7
-0.22 (-1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.58%
1 Week2.7%
2 Weeks-1.51%
1 Month9.08%
3 Month-6.23%
6 Month-14.96%
12 Month47.31%
2 Year353.39%
3 Year116.81%
5 Year-87.17%
10 Year-99.13%
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%4.04%
ATR Inc-1.23%
Range Today0.62
ADR(20)0.54
ADR(20)%3.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.48
Mansfield-0.03
10 Day High14.3
10 Day Low13.3
20 Day High14.3
20 Day Low12.34
52 Week High17.15
52 Week Low8.49
CS1 End13.69
CR1 Start13.77
Volume & EV
DER(3)-4.78%
DER(5)-3.81%
Volume57.40K
Volume Incr-9.89%
Vol(5)35.50K
Vol(50)53.76K