89BIO INC (ETNB) Stock Technical Analysis
NASDAQ:ETNB - Nasdaq - US2825591033 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to ETNB. In the past year, ETNB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ETNB is a bad performer in the overall market: 73% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ETNB has a been trading in the 4.16 - 8.08 range, which is quite wide. It is currently trading near the high of this range.
ETNB has an average volume of 1920780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ETNB is part of the Biotechnology industry. There are 566 other stocks in this industry, ETNB did better than 69% of them.
ETNB is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of ETNB is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.94
10.98
When analyzing the resistance we notice 2 important areas.
- Resistance @10.18 from a trend line in the weekly time frame.
- Resistance @10.87 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.58
Mansfield-0.08
10 Day High8.08
10 Day Low5.68
20 Day High8.08
20 Day Low4.16
52 Week High11.84
52 Week Low4.16
Performance
1 Week21.15%
2 Weeks32.56%
1 Month18.03%
3 Month-16.46%
6 Month-12.25%
12 Month-13.02%
2 Year-49.81%
3 Year269.59%
5 Year-65.89%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.32
RSI(14)61.01
LBB4.88
UBB8.08
8.02
+0.47 (+6.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg6.23%
1 Week21.15%
2 Weeks32.56%
1 Month18.03%
3 Month-16.46%
6 Month-12.25%
12 Month-13.02%
2 Year-49.81%
3 Year269.59%
5 Year-65.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%8.09%
ATR Inc-19.32%
Range Today0.63
ADR(20)0.62
ADR(20)%7.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.58
Mansfield-0.08
10 Day High8.08
10 Day Low5.68
20 Day High8.08
20 Day Low4.16
52 Week High11.84
52 Week Low4.16
CS1 EndN/A
CR1 Start10.18
Volume & EV
DER(3)0.14%
DER(5)-1.97%
Volume2.01M
Volume Incr-33.55%
Vol(5)1.39M
Vol(50)1.92M