NBSE Technical Analysis - NEUBASE THERAPEUTICS INC

Technical Rating and Analysis

Taking everything into account, NBSE scores 0 out of 10 in our technical rating. NBSE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, NBSE is a bad performer in the overall market: 99% of all stocks are doing better.

NBSE is part of the Biotechnology industry. There are 542 other stocks in this industry, of which 86% are performing better than NBSE.

NBSE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month NBSE has a been trading in the 0.36 - 0.47 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NEUBASE THERAPEUTICS INC / NBSE Weekly stock chart

NEUBASE THERAPEUTICS INC / NBSE Daily stock chart

Setup Rating and Analysis

NBSE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.37

0.73

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @0.44 from a horizontal line in the daily time frame.
Resistance @0.59 from a trend line in the weekly time frame.
Resistance @0.72 from a trend line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for NBSE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NBSE is down.
ChartMill Relative Strength	1.76	NEGATIVE	NBSE has a low relative strength, it was outperformed by 98.24% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NBSE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NBSE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NBSE is below a declining SMA(200).
Relative Strength Index/RSI (14)	30.84	NEUTRAL	The RSI value for NBSE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests NBSE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	36.07	NEUTRAL	The Stochastics value for NBSE is a neutral value.
Average True Range in percent/ATR (20)	8.22	HIGH VOLATILITY	The high ATR as a percentage value for NBSE suggests high volalility.
Average Directional Index/ADX (14)	23.01	NEUTRAL	The ADX value for NBSE suggests a possible start of a new trend.