Overall INBX gets a technical rating of 6 out of 10. In the last year, INBX was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month INBX has a been trading in the 69.47 - 94.56 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, INBX did better than 99% of all other stocks. On top of that, INBX also shows a nice and consistent pattern of rising prices.
- INBX is one of the better performing stocks in the Biotechnology industry, it outperforms 97% of 525 stocks in the same industry.
- 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.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although the technical rating is only medium, INBX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 72.26, a Stop Loss order could be placed below this zone.
More info and screens
38.07
2 important support areas can be observed.
- A support zone ranging from 71.47 to 72.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.45 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @75.94 from a horizontal line in the daily time frame.
- A resistance zone ranging from 77.34 to 77.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for INBX is down. |
| ChartMill Relative Strength | 99.34 | POSITIVE | INBX has a high relative strength, it outperformed 99.34% 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) | 42.1 | NEUTRAL | The RSI value for INBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.74 | NEGATIVE | The MACD value suggests INBX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.17 | NEUTRAL | The Stochastics value for INBX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.71 | HIGH VOLATILITY | The high ATR as a percentage value for INBX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.62 | NEGATIVE | The low ADX value for INBX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 75.95 | 71.46 | 4.49 (5.91%) | 16.92% |
| An entry @75.95. This is a Buy Stop order right above the resistance zone. | An exit @71.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.49 points, which is 5.91%. | When investing 16.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
72.27
+0.47 (+0.65%)
INHIBRX BIOSCIENCES INC / INBX FAQ
What is the technical rating for INBX stock?
ChartMill assigns a technical rating of 6 / 10 to INBX.
What is the trend direction for INBX stock?
The current trend direction for INHIBRX BIOSCIENCES INC (INBX) is Bullish.
What is the RSI signal for INBX stock?
INHIBRX BIOSCIENCES INC (INBX) has an RSI value of 42.0993. 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 -0.742875, indicating a bearish trend.
What is the short term momentum for INBX stock?
The short term momentum for INHIBRX BIOSCIENCES INC (INBX) is negative.