HBP Technical Analysis - HELIX BIOPHARMA CORP

Technical Rating and Analysis

Overall HBP gets a technical rating of 9 out of 10. Both in the recent history as in the last year, HBP has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: HBP has an average volume of 10517 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

HBP 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.

In the last month HBP has a been trading in the 1.27 - 1.60 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that HBP is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.

HBP is part of the Biotechnology industry. There are 24 other stocks in this industry, HBP did better than 69% of them.

Considerably lower volume is observed 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

HELIX BIOPHARMA CORP / HBP Weekly stock chart

HELIX BIOPHARMA CORP / HBP Daily stock chart

Setup Rating and Analysis

Although HBP has an excellent technical rating, it does not present a decent entry opportunity 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

0.87

1.54

4 important support areas can be observed.

A support zone ranging from 1.27 to 1.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.09 from a trend line in the daily time frame.
Support @1.03 from a trend line in the daily time frame.
Support @0.88 from a trend line in the weekly 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	UP	POSITIVE	The long term trend for HBP.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for HBP.CA is up.
ChartMill Relative Strength	82.9	POSITIVE	HBP.CA has a high relative strength, it outperformed 82.9% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of HBP.CA is above 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)	60.92	NEUTRAL	The RSI value for HBP.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests HBP.CA has a negative trend.
Stochastics (14,3)	85.15	OVERBOUGHT	The high Stochastics value suggests HBP.CA may be overbought.
Average True Range in percent/ATR (20)	3.62	MEDIUM VOLATILITY	The ATR as a percentage value for HBP.CA suggests some volalility.
Average Directional Index/ADX (14)	17.15	NEGATIVE	The low ADX value for HBP.CA suggests a weak or negative trend.