INHIBRX BIOSCIENCES INC (INBX) Stock Technical Analysis
NASDAQ:INBX - Nasdaq - US45720N1037 - Common Stock - Currency: USD
Taking everything into account, INBX scores 9 out of 10 in our technical rating. 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 part of the Biotechnology industry. There are 553 other stocks in this industry. INBX outperforms 91% of them.
INBX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so INBX is performing more or less in line with the market.
Looking at the yearly performance, INBX did better than 94% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month INBX has a been trading in the 15.82 - 25.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
INBX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.59, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.93
24.82
4 important support areas can be observed.
- A support zone ranging from 21.59 to 21.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.81 from a trend line in the daily time frame.
- Support @16.25 from a trend line in the daily time frame.
- Support @11.04 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.45 to 24.57. 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 | 94.56 | POSITIVE | INBX has a high relative strength, it outperformed 94.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of INBX is below 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) | 54.33 | NEUTRAL | The RSI value for INBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests INBX has a negative trend. |
| Stochastics (14,3) | 31.24 | NEUTRAL | The Stochastics value for INBX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.65 | HIGH VOLATILITY | The high ATR as a percentage value for INBX suggests high volalility. |
| Average Directional Index/ADX (14) | 37.67 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.98 | 21.58 | 1.40 (6.08%) | 16.45% |
| An entry @22.98. This is a Buy Stop order right above the 10 day moving average. | An exit @21.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.40 points, which is 6.08%. | For a 1.00% total portfolio risk, you can invest 16.45% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of INBX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.6
-0.32 (-1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.46%
1 Week-6.41%
2 Weeks-11.66%
1 Month32.27%
3 Month77.78%
6 Month59.06%
12 Month51.79%
2 Year0.93%
3 Year21.76%
5 Year23.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.84
ATR(20)%8.65%
ATR Inc1.73%
Range Today0.87
ADR(20)1.87
ADR(20)%8.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.56
Mansfield3.79
10 Day High25.29
10 Day Low20.84
20 Day High25.29
20 Day Low15.83
52 Week High25.29
52 Week Low10.8
CS1 End21.59
CR1 Start24.45
Volume & EV
DER(3)-3.77%
DER(5)-0.29%
Volume58.80K
Volume Incr-26.03%
Vol(5)112.82K
Vol(50)109.15K