NOVABAY PHARMACEUTICALS INC (NBY) Stock Technical Analysis
NYSEARCA:NBY - NYSE Arca - US66987P4090 - Common Stock - Currency: USD
Taking everything into account, NBY scores 3 out of 10 in our technical rating. NBY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month NBY has a been trading in the 0.57 - 0.75 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 performance of all stocks over the past year, NBY turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
NBY is an average performer in the Pharmaceuticals industry, it outperforms 63% of 194 stocks in the same industry.
NBY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NBY is lagging the market slightly.
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
0.50
0.75
3 important support areas can be observed.
- Support @0.58 from a trend line in the weekly time frame.
- Support @0.54 from a horizontal line in the daily time frame.
- Support @0.51 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.67 to 0.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for NBY is down. |
| ChartMill Relative Strength | 55.02 | NEUTRAL | NBY is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of NBY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.33 | NEUTRAL | The RSI value for NBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NBY has a negative trend. |
| Stochastics (14,3) | 12.24 | OVERSOLD | The low Stochastics value suggests NBY may be oversold. |
| Average True Range in percent/ATR (20) | 8.58 | HIGH VOLATILITY | The high ATR as a percentage value for NBY suggests high volalility. |
| Average Directional Index/ADX (14) | 24.25 | 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)
0.5935
+0.01 (+2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.15%
1 Week-11.73%
2 Weeks-10.48%
1 Month-5.64%
3 Month1.18%
6 Month-10.82%
12 Month8.5%
2 Year-97.05%
3 Year-99.79%
5 Year-99.95%
10 Year-99.99%
15 Year-100%
Volatility
ATR(14)0.04
ATR(20)%8.58%
ATR Inc3.62%
Range Today0.05
ADR(20)0.05
ADR(20)%8.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.02
Mansfield-0.86
10 Day High0.69
10 Day Low0.57
20 Day High0.75
20 Day Low0.57
52 Week High1.01
52 Week Low0.36
CS1 End0.58
CR1 Start0.67
Volume & EV
DER(3)-2.47%
DER(5)-4.3%
Volume30.80K
Volume Incr-33.37%
Vol(5)27.40K
Vol(50)33.78K