NEUROCRINE BIOSCIENCES INC (NBIX) Stock Technical Analysis
NASDAQ:NBIX - Nasdaq - US64125C1099 - Common Stock - Currency: USD
Taking everything into account, NBIX scores 8 out of 10 in our technical rating. Although NBIX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
NBIX is one of the better performing stocks in the Biotechnology industry, it outperforms 71% of 558 stocks in the same industry.
In the last month NBIX has a been trading in the 122.66 - 135.94 range, which is quite wide. It is currently trading near the high of this range.
NBIX has an average volume of 1173660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NBIX did better than 76% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
NBIX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NBIX is lagging the market.
Although NBIX has an excellent technical rating, it does not offer a high quality setup 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
121.82
154.83
2 important support areas can be observed.
- A support zone ranging from 127.78 to 131.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 123.05 to 125.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 153.14 to 153.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NBIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NBIX is up. |
| ChartMill Relative Strength | 76.08 | POSITIVE | NBIX has a high relative strength, it outperformed 76.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NBIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NBIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NBIX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.75 | NEUTRAL | The RSI value for NBIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests NBIX has a positive trend. |
| Stochastics (14,3) | 90.39 | OVERBOUGHT | The high Stochastics value suggests NBIX may be overbought. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for NBIX suggests some volalility. |
| Average Directional Index/ADX (14) | 35.84 | POSITIVE | The high ADX value value for NBIX suggests a strong 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)
133.46
-1.46 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.08%
1 Week3.37%
2 Weeks5.33%
1 Month7.48%
3 Month46.87%
6 Month-5.28%
12 Month-9.47%
2 Year30.98%
3 Year41.78%
5 Year10.88%
10 Year166.28%
15 Year2249.65%
Volatility
ATR(14)2.94
ATR(20)%2.14%
ATR Inc4.31%
Range Today2.9
ADR(20)2.82
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.08
Mansfield-0.12
10 Day High135.94
10 Day Low125.02
20 Day High135.94
20 Day Low122.66
52 Week High157.98
52 Week Low84.23
CS1 End131.62
CR1 Start153.14
Volume & EV
DER(3)2.44%
DER(5)0.4%
Volume724.70K
Volume Incr4.12%
Vol(5)865.76K
Vol(50)1.17M