NBIX Technical Analysis - NEUROCRINE BIOSCIENCES INC

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to NBIX. In the last year, NBIX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month NBIX has a been trading in the 135.59 - 148.00 range, which is quite wide. It is currently trading near the lows of this range.

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.

Looking at the yearly performance, NBIX did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

NBIX is part of the Biotechnology industry. There are 536 other stocks in this industry, NBIX did better than 58% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NEUROCRINE BIOSCIENCES INC / NBIX Weekly stock chart

NEUROCRINE BIOSCIENCES INC / NBIX Daily stock chart

Setup Rating and Analysis

NBIX has an average technical rating and also the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

122.73

154.83

When analyzing the support we can see 2 important areas.

Support @127.40 from a trend line in the daily time frame.
A support zone ranging from 123.97 to 125.00. This zone is formed by a combination of multiple trend lines 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.

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What is Support and Resistance

Support and Resistance indicators

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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 NBIX is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NBIX is down.
ChartMill Relative Strength	72.98	POSITIVE	NBIX has a high relative strength, it outperformed 72.98% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NBIX is below a declining 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)	42.8	NEUTRAL	The RSI value for NBIX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.27	NEGATIVE	The MACD value suggests NBIX has a negative trend.
Stochastics (14,3)	8.1	OVERSOLD	The low Stochastics value suggests NBIX may be oversold.
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)	25.44	POSITIVE	The high ADX value value for NBIX suggests a strong trend.