NOVABAY PHARMACEUTICALS INC (NBY) Technical Analysis
NYSEARCA:NBY • US66987P4090
Current stock price
NBY Technical Rating and Analysis
Overall NBY gets a technical rating of 1 out of 10. NBY'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.
- 97% of all other stocks performed better in the past year than NBY.
- NBY is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, of which 82% are performing better than NBY.
- NBY is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NBY is lagging the market.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month NBY has a been trading in the 1.11 - 1.98 range, which is quite wide. It is currently trading near the high of this range.
- NBY has an average volume of 1281370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NBY Weekly and Daily overview Charts
NBY Setup Rating and Analysis
The technical rating of NBY is bad and it also does not present a 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
NBY Support and Resistance Analysis
1.44
When analyzing the support we notice one important area.
- Support @1.45 from a trend line in the daily time frame.
NBY 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 NBY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NBY is down. |
| ChartMill Relative Strength | 3.45 | NEGATIVE | NBY has a low relative strength, it was outperformed by 96.55% 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) | DOWN | NEGATIVE | The current price of NBY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NBY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.51 | NEUTRAL | The RSI value for NBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests NBY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.12 | NEUTRAL | The Stochastics value for NBY is a neutral value. |
| Average True Range in percent/ATR (20) | 12.2 | HIGH VOLATILITY | The high ATR as a percentage value for NBY suggests high volalility. |
| Average Directional Index/ADX (14) | 6.4 | NEGATIVE | The low ADX value for NBY suggests a weak or negative trend. |
NBY Chart- and CandleStick Pattern Analysis
NBY Technicals: Chart, Performance Metrics, Trend & Indicators
1.95
+0.36 (+22.64%)
NOVABAY PHARMACEUTICALS INC / NBY TA FAQ
Can you provide the ChartMill technical rating for NOVABAY PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 1 / 10 to NBY.
What is the current trend direction of NOVABAY PHARMACEUTICALS INC (NBY) stock?
The current trend direction for NOVABAY PHARMACEUTICALS INC (NBY) is Bearish.
What is the RSI signal for NOVABAY PHARMACEUTICALS INC (NBY) stock?
NOVABAY PHARMACEUTICALS INC (NBY) has an RSI value of 42.5145. This indicates that the stock is currently neutral.
What is the short term momentum for NBY stock?
The short term momentum for NOVABAY PHARMACEUTICALS INC (NBY) is negative.
What is the support and resistance level for NBY stock?
NOVABAY PHARMACEUTICALS INC (NBY) has a support level at 1.45. Check the full technical report for our detailed analysis of NBY support and resistance levels.