LIPELLA PHARMACEUTICALS INC (LIPO) Stock Technical Analysis
NASDAQ:LIPO - Nasdaq - US53630L2097 - Common Stock - Currency: USD
Overall LIPO gets a technical rating of 4 out of 10. In the past year, LIPO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
81% of all other stocks performed better in the past year than LIPO.
LIPO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
LIPO is part of the Biotechnology industry. There are 559 other stocks in this industry, LIPO did better than 58% of them.
In the last month LIPO has a been trading in the 2.15 - 3.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, LIPO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.99. Right above this resistance zone may be a good entry point.
More info and screens
2.13
4.00
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.67 to 2.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.15 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.99 to 3.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.08 to 3.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.96 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for LIPO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LIPO is neutral. |
| ChartMill Relative Strength | 19.18 | NEGATIVE | LIPO has a low relative strength, it was outperformed by 80.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LIPO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LIPO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LIPO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.43 | NEUTRAL | The RSI value for LIPO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests LIPO has a negative trend. |
| Stochastics (14,3) | 28.71 | NEUTRAL | The Stochastics value for LIPO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.6 | HIGH VOLATILITY | The high ATR as a percentage value for LIPO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.67 | NEUTRAL | The ADX value for LIPO suggests a possible start of a new 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)
2.71
-0.09 (-3.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.21%
1 Week-12.3%
2 Weeks-9.36%
1 Month13.39%
3 Month26.05%
6 Month6.69%
12 Month-50.18%
2 Year-84.17%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%9.6%
ATR Inc-44.97%
Range Today0.11
ADR(20)0.25
ADR(20)%9.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.18
Mansfield-1.8
10 Day High3.17
10 Day Low2.68
20 Day High3.17
20 Day Low2.15
52 Week High12
52 Week Low1.97
CS1 End2.7
CR1 Start2.99
Volume & EV
DER(3)-18.44%
DER(5)-13.45%
Volume13.40K
Volume Incr-42.9%
Vol(5)21.08K
Vol(50)86.27K