NEUROCRINE BIOSCIENCES INC (NBIX) Stock Technical Analysis
NASDAQ:NBIX - Nasdaq - US64125C1099 - Common Stock - Currency: USD
Overall NBIX gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NBIX is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month NBIX has a been trading in the 123.04 - 136.25 range, which is quite wide. It is currently trading near the high of this range.
NBIX has an average volume of 1028750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, NBIX turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
NBIX is an average performer in the Biotechnology industry, it outperforms 67% of 558 stocks in the same industry.
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.
NBIX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
122.92
154.67
We found 2 important support areas.
- A support zone ranging from 129.09 to 129.86. 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 124.16 to 125.45. 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 2 important areas.
- A resistance zone ranging from 132.45 to 135.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @153.14 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 | 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 | 59.76 | NEUTRAL | NBIX is not amongst the best or worst performers 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) | 57.42 | NEUTRAL | The RSI value for NBIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NBIX has a negative trend. |
| Stochastics (14,3) | 72.41 | NEUTRAL | The Stochastics value for NBIX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for NBIX suggests some volalility. |
| Average Directional Index/ADX (14) | 39.45 | 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)
132.02
-2.09 (-1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.56%
1 Week-1.08%
2 Weeks2.25%
1 Month3.7%
3 Month30.22%
6 Month-7.85%
12 Month-9.38%
2 Year29.57%
3 Year40.25%
5 Year9.69%
10 Year163.41%
15 Year2224.3%
Volatility
ATR(14)3.27
ATR(20)%2.41%
ATR Inc24.87%
Range Today3.82
ADR(20)3.15
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.76
Mansfield-0.24
10 Day High136.25
10 Day Low127.03
20 Day High136.25
20 Day Low123.04
52 Week High157.98
52 Week Low84.23
CS1 End129.86
CR1 Start132.45
Volume & EV
DER(3)-1.29%
DER(5)-1.52%
Volume757.70K
Volume Incr-16.22%
Vol(5)716.04K
Vol(50)1.03M