89BIO INC (ETNB) Stock Technical Analysis
NASDAQ:ETNB - Nasdaq - US2825591033 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ETNB. ETNB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ETNB is one of the better performing stocks in the Biotechnology industry, it outperforms 81% of 561 stocks in the same industry.
In the last month ETNB has a been trading in the 6.54 - 9.75 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ETNB has an average volume of 2084410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ETNB outperforms 64% of them, which is more or less in line with the market.
ETNB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ETNB is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ETNB has an excellent technical rating, it does not present a decent entry opportunity 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
7.59
10.85
When analyzing the support we notice one important area.
- Support @7.67 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @10.14 from a trend line in the weekly time frame.
- Resistance @10.74 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
CRS64.05
Mansfield1.38
10 Day High9.75
10 Day Low7.37
20 Day High9.75
20 Day Low6.55
52 Week High11.84
52 Week Low4.16
Performance
1 Week17.2%
2 Weeks25.29%
1 Month45.17%
3 Month-13.11%
6 Month9.7%
12 Month18.06%
2 Year-47.28%
3 Year219.27%
5 Year-62.69%
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)0.14
RSI(14)67.26
LBB6.97
UBB9.34
9.61
+0.58 (+6.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg6.42%
1 Week17.2%
2 Weeks25.29%
1 Month45.17%
3 Month-13.11%
6 Month9.7%
12 Month18.06%
2 Year-47.28%
3 Year219.27%
5 Year-62.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%6.89%
ATR Inc124.79%
Range Today0.96
ADR(20)0.64
ADR(20)%6.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.05
Mansfield1.38
10 Day High9.75
10 Day Low7.37
20 Day High9.75
20 Day Low6.55
52 Week High11.84
52 Week Low4.16
CS1 End7.67
CR1 Start10.14
Volume & EV
DER(3)2.43%
DER(5)1.12%
Volume3.69M
Volume Incr90.67%
Vol(5)2.91M
Vol(50)2.08M