89BIO INC (ETNB) Stock Technical Analysis
NASDAQ:ETNB - US2825591033 - Common Stock
9.34 USD
-0.02 (-0.21%)
9.34 USD
0 (0%)
Overall ETNB gets a technical rating of 2 out of 10. In the last year, ETNB was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, ETNB is a bad performer in the overall market: 77% of all stocks are doing better.
In the last month ETNB has a been trading in the 8.42 - 10.32 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ETNB has an average volume of 1557040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
ETNB is part of the Biotechnology industry. There are 547 other stocks in this industry, ETNB did better than 54% of them.
ETNB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ETNB is lagging the market.
Although the technical rating is bad, ETNB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 9.27, a Stop Loss order could be placed below this zone.
More info and screens
8.67
11.41
3 important support areas can be observed.
- A support zone ranging from 9.15 to 9.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.00 from a trend line in the daily time frame.
- Support @8.76 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 9.70 to 9.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @10.74 from a trend line in the weekly time frame.
- Resistance @10.96 from a trend line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for ETNB is neutral. |
| ChartMill Relative Strength | 23.86 | NEGATIVE | ETNB has a low relative strength, it was outperformed by 76.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ETNB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETNB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ETNB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49 | 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. |
| Stochastics (14,3) | 60.35 | NEUTRAL | The Stochastics value for ETNB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for ETNB suggests high volalility. |
| Average Directional Index/ADX (14) | 10.71 | 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)
9.34
-0.02 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.21%
1 Week2.64%
2 Weeks2.19%
1 Month-1.99%
3 Month-5.08%
6 Month1.19%
12 Month-1.68%
2 Year-45.51%
3 Year109.42%
5 Year-75.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%5.51%
ATR Inc-31.85%
Range Today0.42
ADR(20)0.5
ADR(20)%5.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.86
Mansfield-0.11
10 Day High9.7
10 Day Low8.82
20 Day High10.32
20 Day Low8.42
52 Week High11.84
52 Week Low4.16
CS1 End9.27
CR1 Start9.7
Volume & EV
DER(3)1.11%
DER(5)0.22%
Volume855.56K
Volume Incr-9.54%
Vol(5)1.36M
Vol(50)1.56M