INHIBRX BIOSCIENCES INC (INBX) Technical Analysis
NASDAQ:INBX • US45720N1037
Current stock price
INBX Technical Rating and Analysis
We assign a technical rating of 10 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that INBX is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, INBX also shows a nice and consistent pattern of rising prices.
- INBX is part of the Biotechnology industry. There are 515 other stocks in this industry. INBX outperforms 98% of them.
- INBX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so INBX is lagging the market slightly.
- INBX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
INBX Weekly and Daily overview Charts
INBX Setup Rating and Analysis
Although INBX has an excellent technical rating, the quality of the presented setup is not ideal 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
INBX Support and Resistance Analysis
64.54
We found 1 important support area.
- Support @65.19 from a trend 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 | 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 | 99.64 | POSITIVE | INBX has a high relative strength, it outperformed 99.64% 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) | 76.5 | OVERBOUGHT | The high RSI value suggests INBX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.81 | POSITIVE | The MACD value suggests INBX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.73 | NEUTRAL | The Stochastics value for INBX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.2 | HIGH VOLATILITY | The high ATR as a percentage value for INBX suggests high volalility. |
| Average Directional Index/ADX (14) | 49.44 | 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
128.79
-0.42 (-0.33%)
INHIBRX BIOSCIENCES INC / INBX TA FAQ
What is the technical rating for INBX stock?
ChartMill assigns a technical rating of 10 / 10 to INBX.
What is the trend direction for INBX stock?
The current trend direction for INHIBRX BIOSCIENCES INC (INBX) is Bullish.
Can you provide the RSI signal for INHIBRX BIOSCIENCES INC?
INHIBRX BIOSCIENCES INC (INBX) has an RSI value of 76.5009. This indicates that the stock is currently overbought.
What is the buy/sell signal for INHIBRX BIOSCIENCES INC (INBX) stock?
The buy/sell signal for INHIBRX BIOSCIENCES INC (INBX) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for INHIBRX BIOSCIENCES INC?
INHIBRX BIOSCIENCES INC (INBX) has a support level at 65.19. Check the full technical report for our detailed analysis of INBX support and resistance levels.