89BIO INC (ETNB) Stock Technical Analysis
USA - NASDAQ:ETNB - US2825591033 - Common Stock
14.74 USD
-0.03 (-0.2%)
Taking everything into account, ETNB scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ETNB is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ETNB is one of the better performing stocks in the market, outperforming 92% of all stocks.
ETNB is one of the better performing stocks in the Biotechnology industry, it outperforms 84% of 536 stocks in the same industry.
ETNB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
ETNB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ETNB has an average volume of 4984590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ETNB has a been trading in a tight range between 14.67 and 15.00.
Besides having an excellent technical rating, ETNB also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.76, a Stop Loss order could be placed below this zone.
More info and screens
7.98
15.12
We found 2 important support areas.
- A support zone ranging from 8.60 to 8.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.06 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.76 to 14.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 92.94 | POSITIVE | ETNB has a high relative strength, it outperformed 92.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETNB is below a declining 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) | 76.37 | OVERBOUGHT | The high RSI value suggests ETNB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ETNB has a negative trend. |
| Stochastics (14,3) | 45.75 | NEUTRAL | The Stochastics value for ETNB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.58 | LOW VOLATILITY | The low ATR as a percentage value for ETNB suggests low volalility. |
| Average Directional Index/ADX (14) | 52.47 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.83 | 14.75 | 0.08 (0.53%) | 25.00% |
| An entry @14.83. This is a Buy Stop order right above the 10 day moving average. | An exit @14.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.08 points, which is 0.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.13%. |
- The distance between exit and entry is rather small compared to the average daily movement of ETNB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:ETNB (10/17/2025, 3:05:07 PM)
14.74
-0.03 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.2%
1 Week-0.67%
2 Weeks-0.47%
1 Month-1.27%
3 Month40.8%
6 Month143.73%
12 Month76.89%
2 Year99.59%
3 Year54.66%
5 Year-36.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.58%
ATR Inc13.88%
Range Today0.05
ADR(20)0.08
ADR(20)%0.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.94
Mansfield4.56
10 Day High14.89
10 Day Low14.75
20 Day High15
20 Day Low14.67
52 Week High15.06
52 Week Low4.16
CS1 End14.76
CR1 Start14.79
Volume & EV
DER(3)-0.88%
DER(5)-2.34%
Volume1.26M
Volume Incr-55.17%
Vol(5)4.30M
Vol(50)4.98M