NBY Technical Analysis - NOVABAY PHARMACEUTICALS INC

Technical Rating and Analysis

Overall NBY gets a technical rating of 8 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, NBY is showing a nice and steady performance.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

NBY is part of the Pharmaceuticals industry. There are 197 other stocks in this industry. NBY outperforms 95% of them.

NBY has an average volume of 8747450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that NBY is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

NBY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NBY is lagging the market.

In the last month NBY has a been trading in the 0.87 - 4.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

NOVABAY PHARMACEUTICALS INC / NBY Weekly stock chart

NOVABAY PHARMACEUTICALS INC / NBY Daily stock chart

Setup Rating and Analysis

NBY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.72

1.84

We found 1 important support area.

Support @1.74 from a horizontal line in the daily time frame.

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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 NBY is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NBY is neutral.
ChartMill Relative Strength	98.15	POSITIVE	NBY has a high relative strength, it outperformed 98.15% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of NBY is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NBY is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NBY is above the rising SMA(200).
Relative Strength Index/RSI (14)	48.83	NEUTRAL	The RSI value for NBY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests NBY has a negative trend.
Stochastics (14,3)	7.8	OVERSOLD	The low Stochastics value suggests NBY may be oversold.
Average True Range in percent/ATR (20)	33.29	HIGH VOLATILITY	The high ATR as a percentage value for NBY suggests high volalility.
Average Directional Index/ADX (14)	49.65	POSITIVE	The high ADX value value for NBY suggests a strong trend.