NOVABAY PHARMACEUTICALS INC (NBY) Stock Technical Analysis
NYSEARCA:NBY - NYSE Arca - US66987P4090 - Common Stock - Currency: USD
Overall NBY gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. NBY was also a bad performer in the overall market in the last year.
91% of all other stocks performed better in the past year than NBY.
NBY is part of the Pharmaceuticals industry. There are 194 other stocks in this industry, of which 68% are performing better than NBY.
NBY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month NBY has a been trading in the 0.57 - 0.70 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
0.56
0.75
We found 2 important support areas.
- Support @0.60 from a trend line in the daily time frame.
- Support @0.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.74 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 | DOWN | NEGATIVE | The long term trend for NBY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NBY is up. |
| ChartMill Relative Strength | 9.23 | NEGATIVE | NBY has a low relative strength, it was outperformed by 90.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NBY is above 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) | DOWN | MIXED | The current price of NBY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.76 | NEUTRAL | The RSI value for NBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NBY has a positive trend. |
| Stochastics (14,3) | 73.21 | NEUTRAL | The Stochastics value for NBY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.65 | HIGH VOLATILITY | The high ATR as a percentage value for NBY suggests high volalility. |
| Average Directional Index/ADX (14) | 22.61 | NEUTRAL | The ADX value for NBY suggests a possible start of a new 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)
0.692
+0.04 (+6.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg6.51%
1 Week10.02%
2 Weeks15.33%
1 Month15.53%
3 Month30.59%
6 Month-0.72%
12 Month-70.3%
2 Year-97.18%
3 Year-99.76%
5 Year-99.95%
10 Year-100%
15 Year-100%
Volatility
ATR(14)0.04
ATR(20)%5.65%
ATR Inc81.19%
Range Today0.09
ADR(20)0.04
ADR(20)%5.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.23
Mansfield0.09
10 Day High0.7
10 Day Low0.58
20 Day High0.7
20 Day Low0.57
52 Week High2.33
52 Week Low0.36
CS1 End0.6
CR1 Start0.74
Volume & EV
DER(3)21.76%
DER(5)17.83%
Volume91.00K
Volume Incr114.25%
Vol(5)48.86K
Vol(50)37.57K