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BLUE WATER BIOTECH INC (BWV) Stock Technical Analysis

USA - NASDAQ:BWV - US09610B1089 - Common Stock

0.1802 USD
-0.01 (-5.16%)
Last: 12/21/2023, 8:10:00 PM
0.19 USD
+0.01 (+5.44%)
After Hours: 12/21/2023, 8:10:00 PM
Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to BWV. BWV 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 negative, as is the long term trend. There should be more interesting stocks out there.
99% of all other stocks performed better in the past year than BWV.
BWV is one of the lesser performing stocks in the Biotechnology industry. 90% of 534 stocks in the same industry do better.
BWV is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month BWV has a been trading in the 0.18 - 0.34 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

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Weekly and Daily overview Charts
BLUE WATER BIOTECH INC / BWV Weekly stock chart
BLUE WATER BIOTECH INC / BWV Daily stock chart
Setup Rating and Analysis

3

The technical rating of BWV is bad and it also does not present a quality setup 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.

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Support and Resistance Analysis

0.18

0.24

We can see 2 important resistance areas.

  • Resistance @0.22 from a trend line in the daily time frame.
  • Resistance @0.24 from a trend line in the daily time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for BWV is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for BWV is down.
ChartMill Relative Strength1.51NEGATIVEBWV has a low relative strength, it was outperformed by 98.49% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of BWV is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of BWV is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of BWV is below a declining SMA(200).
Relative Strength Index/RSI (14)29.35OVERSOLDThe low RSI value suggests BWV may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests BWV has a negative trend.
Stochastics (14,3)6.54OVERSOLDThe low Stochastics value suggests BWV may be oversold.
Average True Range in percent/ATR (20)23.29HIGH VOLATILITYThe high ATR as a percentage value for BWV suggests high volalility.
Average Directional Index/ADX (14)34.42POSITIVEThe high ADX value value for BWV suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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BLUE WATER BIOTECH INC / BWV Daily stock chart

BLUE WATER BIOTECH INC

NASDAQ:BWV (12/21/2023, 8:10:00 PM)

After market: 0.19 +0.01 (+5.44%)

0.1802

-0.01 (-5.16%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.16%
1 Week-30.59%
2 Weeks-26.6%
1 Month-41.89%
3 Month-68.33%
6 Month-85.92%
12 Month-82.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%23.29%
ATR Inc-38.19%
Range Today0.02
ADR(20)0.04
ADR(20)%22.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.51
3 months CRSN/A
6 months CRSN/A
Mansfield-8.15
10 Day High0.32
10 Day Low0.18
20 Day High0.34
20 Day Low0.18
52 Week High1.95
52 Week Low0.18
CS1 EndN/A
CR1 Start0.22
Volume & EV
DER(3)-13.81%
DER(5)-11.94%
Volume534.20K
Volume Incr100.27%
Vol(5)819.80K
Vol(50)311.88K

BLUE WATER BIOTECH INC / BWV FAQ

What is the ChartMill technical rating of BLUE WATER BIOTECH INC (BWV) stock?

ChartMill assigns a technical rating of 0 / 10 to BWV.


What is the current trend direction of BLUE WATER BIOTECH INC (BWV) stock?

The current trend direction for BLUE WATER BIOTECH INC (BWV) is Bearish.


Can you provide the RSI signal for BLUE WATER BIOTECH INC?

BLUE WATER BIOTECH INC (BWV) has an RSI value of 29.3517. This indicates that the stock is currently oversold.


Can you provide the buy/sell signal for BLUE WATER BIOTECH INC?

The buy/sell signal for BLUE WATER BIOTECH INC (BWV) is sell as both the short term and long term trends are negative.


What are the support and resistance levels for BLUE WATER BIOTECH INC (BWV) stock?

BLUE WATER BIOTECH INC (BWV) has a resistance level at 0.22. Check the full technical report for our detailed analysis of BWV support and resistance levels.