Overall NBY gets a technical rating of 6 out of 10. Although NBY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- NBY 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 NBY has a been trading in the 1.80 - 19.95 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.
- When comparing the yearly performance of all stocks, we notice that NBY is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by NBY over the past year are nicely spread over this period.
- NBY is part of the Pharmaceuticals industry. There are 190 other stocks in this industry. NBY outperforms 93% of them.
- NBY has an average volume of 1917540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
NBY has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
1.01
When analyzing the support we can see 2 important areas.
- Support @1.04 from a trend line in the weekly time frame.
- Support @1.02 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for NBY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NBY is down. |
| ChartMill Relative Strength | 97.69 | POSITIVE | NBY has a high relative strength, it outperformed 97.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NBY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NBY is below 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) | 38.3 | NEUTRAL | The RSI value for NBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.36 | NEGATIVE | The MACD value suggests NBY has a negative trend. |
| Stochastics (14,3) | 1.51 | OVERSOLD | The low Stochastics value suggests NBY may be oversold. |
| Average True Range in percent/ATR (20) | 151.89 | HIGH VOLATILITY | The high ATR as a percentage value for NBY suggests high volalility. |
| Average Directional Index/ADX (14) | 50.11 | POSITIVE | The high ADX value value for NBY suggests a strong trend. |
2
-0.37 (-15.61%)
NOVABAY PHARMACEUTICALS INC / NBY FAQ
Can you provide the ChartMill technical rating for NOVABAY PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 6 / 10 to NBY.
Can you provide the trend direction for NOVABAY PHARMACEUTICALS INC?
The current trend direction for NOVABAY PHARMACEUTICALS INC (NBY) is Bearish.
Can you provide the RSI signal for NOVABAY PHARMACEUTICALS INC?
NOVABAY PHARMACEUTICALS INC (NBY) has an RSI value of 38.2996. This indicates that the stock is currently neutral.
What is the MACD signal for NOVABAY PHARMACEUTICALS INC (NBY) stock?
The MACD indicator for NOVABAY PHARMACEUTICALS INC (NBY) has a value of -1.35788, indicating a bearish trend.
Can you provide the support and resistance levels for NOVABAY PHARMACEUTICALS INC?
NOVABAY PHARMACEUTICALS INC (NBY) has a support level at 1.04. Check the full technical report for our detailed analysis of NBY support and resistance levels.