89BIO INC (ETNB) Stock Technical Analysis
NASDAQ:ETNB - Nasdaq - US2825591033 - Common Stock - Currency: USD
Overall ETNB gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ETNB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
ETNB is part of the Biotechnology industry. There are 559 other stocks in this industry. ETNB outperforms 81% of them.
ETNB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ETNB is lagging the market slightly.
In the last month ETNB has a been trading in the 7.37 - 10.70 range, which is quite wide. It is currently trading near the high of this range.
ETNB has an average volume of 1991340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ETNB did better than 83% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ETNB has an excellent technical rating, but the quality of the setup is only medium 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
10.18
11.53
We can see 2 important resistance areas.
- Resistance @10.60 from a trend line in the weekly time frame.
- Resistance @11.42 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for ETNB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETNB is up. |
| ChartMill Relative Strength | 83.6 | POSITIVE | ETNB has a high relative strength, it outperformed 83.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETNB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETNB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETNB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.25 | NEUTRAL | The RSI value for ETNB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ETNB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.51 | OVERBOUGHT | The high Stochastics value suggests ETNB may be overbought. |
| Average True Range in percent/ATR (20) | 6.38 | HIGH VOLATILITY | The high ATR as a percentage value for ETNB suggests high volalility. |
| Average Directional Index/ADX (14) | 28.68 | POSITIVE | The high ADX value value for ETNB 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)
10.28
-0.29 (-2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.74%
1 Week1.08%
2 Weeks12.23%
1 Month26.76%
3 Month21.37%
6 Month33.68%
12 Month17.22%
2 Year-45.75%
3 Year219.26%
5 Year-48.42%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%6.38%
ATR Inc-36.62%
Range Today0.45
ADR(20)0.65
ADR(20)%6.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.6
Mansfield1.69
10 Day High10.7
10 Day Low9.07
20 Day High10.7
20 Day Low7.37
52 Week High11.84
52 Week Low4.16
CS1 EndN/A
CR1 Start10.6
Volume & EV
DER(3)3%
DER(5)2.03%
Volume1.39M
Volume Incr2.28%
Vol(5)2.14M
Vol(50)1.99M