HBIO Technical Analysis - HARVARD BIOSCIENCE INC

Technical Rating and Analysis

Overall HBIO gets a technical rating of 2 out of 10. HBIO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

97% of all other stocks performed better in the past year than HBIO.

HBIO is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 87% of 55 stocks in the same industry do better.

HBIO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month HBIO has a been trading in the 0.42 - 0.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HARVARD BIOSCIENCE INC / HBIO Weekly stock chart

HARVARD BIOSCIENCE INC / HBIO Daily stock chart

Setup Rating and Analysis

HBIO has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.43

0.55

When analyzing the support we can see 2 important areas.

A support zone ranging from 0.44 to 0.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
A support zone ranging from 0.43 to 0.43. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

Resistance @0.51 from a trend line in the daily time frame.
A resistance zone ranging from 0.54 to 0.54. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for HBIO is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for HBIO is neutral.
ChartMill Relative Strength	3.37	NEGATIVE	HBIO has a low relative strength, it was outperformed by 96.63% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of HBIO is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of HBIO is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of HBIO is below a declining SMA(200).
Relative Strength Index/RSI (14)	52.26	NEUTRAL	The RSI value for HBIO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests HBIO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	21.61	NEUTRAL	The Stochastics value for HBIO is a neutral value.
Average True Range in percent/ATR (20)	7.96	HIGH VOLATILITY	The high ATR as a percentage value for HBIO suggests high volalility.
Average Directional Index/ADX (14)	14.66	NEGATIVE	The low ADX value for HBIO suggests a weak or negative trend.