BIOXCEL THERAPEUTICS INC (BTAI) Stock Technical Analysis
NASDAQ:BTAI - Nasdaq - US09075P2048 - Common Stock - Currency: USD
Taking everything into account, BTAI 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. BTAI was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, BTAI is a bad performer in the overall market: 97% of all stocks are doing better.
BTAI is one of the lesser performing stocks in the Biotechnology industry. 78% of 556 stocks in the same industry do better.
BTAI 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.
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.
In the last month BTAI has a been trading in the 1.59 - 2.27 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.
BTAI has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.91, a Stop Loss order could be placed below this zone.
More info and screens
1.87
2.08
When analyzing the support we notice one important area.
- A support zone ranging from 1.89 to 1.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.94 to 1.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.06 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 | DOWN | NEGATIVE | The long term trend for BTAI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTAI is up. |
| ChartMill Relative Strength | 3.9 | NEGATIVE | BTAI has a low relative strength, it was outperformed by 96.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTAI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTAI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTAI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.84 | NEUTRAL | The RSI value for BTAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BTAI has a negative trend. |
| Stochastics (14,3) | 41.95 | NEUTRAL | The Stochastics value for BTAI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.38 | HIGH VOLATILITY | The high ATR as a percentage value for BTAI suggests high volalility. |
| Average Directional Index/ADX (14) | 28.01 | POSITIVE | The high ADX value value for BTAI suggests a strong 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)
1.91
-0.03 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.55%
1 Week-3.05%
2 Weeks-1.04%
1 Month10.4%
3 Month9.77%
6 Month-65.3%
12 Month-89.8%
2 Year-98.69%
3 Year-99.23%
5 Year-99.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%10.38%
ATR Inc-35.46%
Range Today0.13
ADR(20)0.19
ADR(20)%9.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.9
Mansfield-6.95
10 Day High2.27
10 Day Low1.81
20 Day High2.27
20 Day Low1.59
52 Week High19.84
52 Week Low1.17
CS1 End1.91
CR1 Start1.94
Volume & EV
DER(3)-5.37%
DER(5)-6.5%
Volume176.30K
Volume Incr65.98%
Vol(5)486.74K
Vol(50)359.94K