BLUE WATER BIOTECH INC (BWV) Technical Analysis
NASDAQ:BWV • US09610B1089
Current stock price
BWV Technical Rating and Analysis
Overall BWV gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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. 88% of 517 stocks in the same industry do better.
- BWV is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so BWV is lagging the market.
- 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.
BWV Weekly and Daily overview Charts
BWV Setup Rating and Analysis
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.
More info and screens
BWV Support and Resistance Analysis
0.18
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.
BWV 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 | DOWN | NEGATIVE | The long term trend for BWV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BWV is down. |
| ChartMill Relative Strength | 1.51 | NEGATIVE | BWV has a low relative strength, it was outperformed by 98.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BWV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BWV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BWV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.35 | OVERSOLD | The low RSI value suggests BWV may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BWV has a negative trend. |
| Stochastics (14,3) | 6.54 | OVERSOLD | The low Stochastics value suggests BWV may be oversold. |
| Average True Range in percent/ATR (20) | 23.29 | HIGH VOLATILITY | The high ATR as a percentage value for BWV suggests high volalility. |
| Average Directional Index/ADX (14) | 34.42 | POSITIVE | The high ADX value value for BWV suggests a strong trend. |
BWV Chart- and CandleStick Pattern Analysis
BWV Technicals: Chart, Performance Metrics, Trend & Indicators
0.1802
-0.01 (-5.16%)
BLUE WATER BIOTECH INC / BWV TA FAQ
What is the ChartMill technical rating of BLUE WATER BIOTECH INC (BWV) stock?
ChartMill assigns a technical rating of 0 / 10 to BWV.
Can you provide the trend direction for BLUE WATER BIOTECH INC?
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.
What is the short term momentum for BLUE WATER BIOTECH INC (BWV) stock?
The short term momentum for BLUE WATER BIOTECH INC (BWV) is negative.
Can you provide the support and resistance levels for BLUE WATER BIOTECH INC?
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.