HBP Technical Analysis - HELIX BIOPHARMA CORP

Technical Rating and Analysis

Overall HBP gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HBP is showing a nice and steady performance.

In the last month HBP has a been trading in the 1.49 - 5.40 range, which is quite wide. It is currently trading near the lows of this range.

Warning: HBP has an average volume of 11400 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

HBP is one of the better performing stocks in the Biotechnology industry, it outperforms 90% of 22 stocks in the same industry.

When comparing the yearly performance of all stocks, we notice that HBP is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this relatively good performance is mostly due to a recent big move.

HBP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HBP is lagging the market.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

HELIX BIOPHARMA CORP / HBP Weekly stock chart

HELIX BIOPHARMA CORP / HBP Daily stock chart

Setup Rating and Analysis

HBP 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

0.87

2.42

We found 2 important support areas.

A support zone ranging from 2.12 to 2.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.88 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for HBP.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for HBP.CA is neutral.
ChartMill Relative Strength	92.02	POSITIVE	HBP.CA has a high relative strength, it outperformed 92.02% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of HBP.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of HBP.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of HBP.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	49.93	NEUTRAL	The RSI value for HBP.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests HBP.CA has a negative trend.
Stochastics (14,3)	20.83	NEUTRAL	The Stochastics value for HBP.CA is a neutral value.
Average True Range in percent/ATR (20)	28.85	HIGH VOLATILITY	The high ATR as a percentage value for HBP.CA suggests high volalility.
Average Directional Index/ADX (14)	27.06	POSITIVE	The high ADX value value for HBP.CA suggests a strong trend.