89BIO INC (ETNB) Stock Technical Analysis
NASDAQ:ETNB - Nasdaq - US2825591033 - Common Stock - Currency: USD
Overall ETNB gets a technical rating of 3 out of 10. ETNB has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month ETNB has a been trading in the 9.02 - 11.41 range, which is quite wide. It is currently trading near the lows of this range.
ETNB has an average volume of 1839460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, ETNB turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
ETNB is an average performer in the Biotechnology industry, it outperforms 68% of 553 stocks in the same industry.
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.
The technical rating of ETNB 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
9.06
11.41
When analyzing the support we notice one important area.
- A support zone ranging from 9.15 to 9.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.54 to 9.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.89 to 11.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.30 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for ETNB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETNB is down. |
| ChartMill Relative Strength | 52.38 | NEUTRAL | ETNB is not amongst the best or worst performers 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 | MIXED | The current price of ETNB is below 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) | 37.3 | NEUTRAL | The RSI value for ETNB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests ETNB has a negative trend. |
| Stochastics (14,3) | 13.56 | OVERSOLD | The low Stochastics value suggests ETNB may be oversold. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for ETNB suggests high volalility. |
| Average Directional Index/ADX (14) | 16.38 | NEGATIVE | The low ADX value for ETNB suggests a weak or negative 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)
9.16
-0.34 (-3.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.58%
1 Week-4.48%
2 Weeks-12.68%
1 Month-9.84%
3 Month4.93%
6 Month-4.58%
12 Month2.81%
2 Year-46.56%
3 Year105.38%
5 Year-76.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%5.2%
ATR Inc-1.62%
Range Today0.39
ADR(20)0.46
ADR(20)%5.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.38
Mansfield0.04
10 Day High10.61
10 Day Low9.02
20 Day High11.41
20 Day Low9.02
52 Week High11.84
52 Week Low4.16
CS1 End9.15
CR1 Start9.54
Volume & EV
DER(3)1.63%
DER(5)0.54%
Volume1.11M
Volume Incr-11.64%
Vol(5)1.35M
Vol(50)1.84M