INHIBRX BIOSCIENCES INC (INBX) Stock Technical Analysis
NASDAQ:INBX - US45720N1037 - Common Stock
25 USD
+0.84 (+3.48%)
25 USD
0 (0%)
We assign a technical rating of 9 out of 10 to INBX. Both in the recent history as in the last year, INBX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
INBX is one of the better performing stocks in the Biotechnology industry, it outperforms 91% of 549 stocks in the same industry.
A new 52 week high is currently being made by INBX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month INBX has a been trading in the 20.55 - 25.61 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, INBX did better than 96% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
INBX 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
10.93
25.26
3 important support areas can be observed.
- A support zone ranging from 22.80 to 23.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @18.47 from a trend line in the daily time frame.
- Support @11.04 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.01 to 25.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 INBX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INBX is up. |
| ChartMill Relative Strength | 96.44 | POSITIVE | INBX has a high relative strength, it outperformed 96.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INBX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INBX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INBX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.22 | NEUTRAL | The RSI value for INBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests INBX has a positive trend. |
| Stochastics (14,3) | 87.29 | OVERBOUGHT | The high Stochastics value suggests INBX may be overbought. |
| Average True Range in percent/ATR (20) | 6.12 | HIGH VOLATILITY | The high ATR as a percentage value for INBX suggests high volalility. |
| Average Directional Index/ADX (14) | 30.16 | POSITIVE | The high ADX value value for INBX suggests a strong 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)
25
+0.84 (+3.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.48%
1 Week7.16%
2 Weeks18.71%
1 Month8.32%
3 Month94.4%
6 Month99.04%
12 Month87.41%
2 Year16.82%
3 Year40.92%
5 Year42.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.4
ATR(20)%6.12%
ATR Inc2.51%
Range Today1.61
ADR(20)1.52
ADR(20)%6.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.44
Mansfield4.91
10 Day High25.61
10 Day Low20.57
20 Day High25.61
20 Day Low20.55
52 Week High25.61
52 Week Low10.81
CS1 End23
CR1 Start25.01
Volume & EV
DER(3)-3.3%
DER(5)0.83%
Volume223.50K
Volume Incr37.55%
Vol(5)139.46K
Vol(50)116.47K