NEUROCRINE BIOSCIENCES INC (NBIX) Stock Technical Analysis
USA - NASDAQ:NBIX - US64125C1099 - Common Stock
141.87 USD
-1.73 (-1.2%)
141.87 USD
0 (0%)
Overall NBIX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NBIX is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, NBIX did better than 72% 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.
In the last month NBIX has a been trading in the 131.20 - 145.79 range, which is quite wide. It is currently trading near the high of this range.
NBIX is an average performer in the Biotechnology industry, it outperforms 67% of 541 stocks in the same industry.
NBIX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
122.73
154.83
When analyzing the support we can see 3 important areas.
- A support zone ranging from 141.42 to 141.68. 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 133.20 to 135.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
2 important resistance areas can be observed.
- Resistance @143.99 from a trend line in the daily time frame.
- 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 | 72.62 | POSITIVE | NBIX has a high relative strength, it outperformed 72.62% 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) | 58.78 | NEUTRAL | The RSI value for NBIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests NBIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.96 | NEUTRAL | The Stochastics value for NBIX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for NBIX suggests some volalility. |
| Average Directional Index/ADX (14) | 35.45 | 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)
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 |
|---|---|---|---|
| 144.00 | 141.41 | 2.59 (1.80%) | 25.00% |
| An entry @144.00. This is a Buy Stop order right above the resistance zone. | An exit @141.41. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.59 points, which is 1.80%. | For a 0.45% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
141.87
-1.73 (-1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.2%
1 Week-1.55%
2 Weeks2.11%
1 Month8.04%
3 Month14.05%
6 Month28.1%
12 Month16.05%
2 Year26.11%
3 Year33.58%
5 Year47.54%
10 Year256.55%
15 Year2241.09%
Volatility
ATR(14)3.68
ATR(20)%2.27%
ATR Inc-35.03%
Range Today2.31
ADR(20)3.21
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.62
Mansfield0.34
10 Day High145.79
10 Day Low135.61
20 Day High145.79
20 Day Low131.2
52 Week High154.61
52 Week Low84.23
CS1 End141.68
CR1 Start143.99
Volume & EV
DER(3)0.88%
DER(5)0.49%
Volume485.60K
Volume Incr-12.46%
Vol(5)694.20K
Vol(50)871.88K