NEUROCRINE BIOSCIENCES INC (NBIX)

US64125C1099 - Common Stock

132.86  +2.21 (+1.69%)

Technical Rating and Analysis

7

Taking everything into account, NBIX scores 7 out of 10 in our technical rating. In the last year, NBIX was one of the better performers, but we do observe some doubts in the very recent evolution.

NBIX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, NBIX did better than 84% of all other stocks.
NBIX 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 NBIX 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.
NBIX is an average performer in the Biotechnology industry, it outperforms 67% of 599 stocks in the same industry.
Weekly and Daily overview Charts
NBIX Weekly chart
NBIX Daily chart
Setup Rating and Analysis

6

NBIX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 130.64, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

98.51

144.40

We found 5 important support areas.

  • A support zone ranging from 129.64 to 132.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 117.55 to 118.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @112.75 from a trend line in the daily time frame.
  • Support @106.88 from a horizontal line in the daily time frame.
  • Support @99.50 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 142.16 to 142.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.93
Mansfield0.59
10 Day High143.16
10 Day Low128
20 Day High143.35
20 Day Low128
52 Week High143.35
52 Week Low89.04
Performance
1 Week-2.38%
2 Weeks-8.61%
1 Month-6.95%
3 Month16.48%
6 Month21.51%
12 Month27.53%
2 Year45.38%
3 Year19.3%
5 Year69.13%
10 Year641.07%
15 Year3883.23%
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)
Technical Indicators
MACD(12,26,9)-1.24
RSI(14)41.5
LBB126.6
UBB144.47
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
132.88129.633.25 (2.44%)25.00%
An entry @132.88. This is a Buy Stop order right above the 10 day moving average.An exit @129.63. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 3.25 points, which is 2.44%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%.

  • The distance between exit and entry is rather small compared to the average daily movement of NBIX. 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.
NBIX Daily chart

NEUROCRINE BIOSCIENCES INC

NASDAQ:NBIX (2/22/2024, 12:12:58 PM)

132.86

+2.21 (+1.69%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.69%
1 Week-2.38%
2 Weeks-8.61%
1 Month-6.95%
3 Month16.48%
6 Month21.51%
12 Month27.53%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)4.16
ATR(20)%2.67%
ATR Inc
Range Today2.52
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High143.16
10 Day Low128
20 Day High143.35
20 Day Low128
52 Week High143.35
52 Week Low89.04
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume243.97K
Volume Incr-14.42%
Vol(5)753.62K
Vol(50)811.65K