INHIBRX BIOSCIENCES INC (INBX) Technical Analysis
NASDAQ:INBX • US45720N1037
Current stock price
INBX Technical Rating and Analysis
Taking everything into account, INBX scores 4 out of 10 in our technical rating. Although INBX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, we notice that INBX is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by INBX over the past year are nicely spread over this period.
- INBX is one of the better performing stocks in the Biotechnology industry, it outperforms 93% of 519 stocks in the same industry.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- INBX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INBX is lagging the market slightly.
- In the last month INBX has a been trading in the 59.98 - 78.48 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.
INBX Weekly and Daily overview Charts
INBX Setup Rating and Analysis
INBX has an average technical rating and the quality of the presented setup is also not ideal at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
INBX Support and Resistance Analysis
46.15
3 important support areas can be observed.
- Support @62.21 from a trend line in the daily time frame.
- A support zone ranging from 60.92 to 60.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.62 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 65.80 to 66.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @79.59 from a trend line in the weekly time frame.
- Resistance @81.14 from a trend line in the daily time frame.
- Resistance @87.52 from a horizontal line in the daily time frame.
INBX 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 | NEUTRAL | NEUTRAL | The long term trend for INBX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INBX is down. |
| ChartMill Relative Strength | 98.59 | POSITIVE | INBX has a high relative strength, it outperformed 98.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INBX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INBX is below a declining 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) | 41.86 | NEUTRAL | The RSI value for INBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests INBX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.29 | NEUTRAL | The Stochastics value for INBX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.04 | HIGH VOLATILITY | The high ATR as a percentage value for INBX suggests high volalility. |
| Average Directional Index/ADX (14) | 27.8 | POSITIVE | The high ADX value value for INBX suggests a strong trend. |
INBX Chart- and CandleStick Pattern Analysis
INBX Technicals: Chart, Performance Metrics, Trend & Indicators
65.79
-0.67 (-1.01%)
INHIBRX BIOSCIENCES INC / INBX TA FAQ
What is the technical rating for INBX stock?
ChartMill assigns a technical rating of 4 / 10 to INBX.
What is the trend direction for INBX stock?
The current trend direction for INHIBRX BIOSCIENCES INC (INBX) is Bearish.
What is the RSI signal for INBX stock?
INHIBRX BIOSCIENCES INC (INBX) has an RSI value of 41.8565. This indicates that the stock is currently neutral.
What is the MACD signal for INBX stock?
The MACD indicator for INHIBRX BIOSCIENCES INC (INBX) has a value of -0.270628, indicating a bearish trend.
What is the short term momentum for INBX stock?
The short term momentum for INHIBRX BIOSCIENCES INC (INBX) is negative.