NNNN Technical Analysis - ANBIO BIOTECHNOLOGY LTD

Technical Rating and Analysis

Overall NNNN gets a technical rating of 3 out of 10. NNNN was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

When comparing the yearly performance of all stocks, NNNN is a bad performer in the overall market: 100% of all stocks are doing better.

NNNN is part of the Biotechnology industry. There are 540 other stocks in this industry, of which 92% are performing better than NNNN.

In the last month NNNN has a been trading in the 40.69 - 54.50 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

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

ANBIO BIOTECHNOLOGY LTD / NNNN Weekly stock chart

ANBIO BIOTECHNOLOGY LTD / NNNN Daily stock chart

Setup Rating and Analysis

NNNN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for NNNN in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

41.06

52.33

2 important support areas can be observed.

Support @43.03 from a horizontal line in the weekly time frame.
A support zone ranging from 41.47 to 42.19. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 44.98 to 45.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 47.86 to 47.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @51.81 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 NNNN is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NNNN is down.
ChartMill Relative Strength	0	NEGATIVE	NNNN has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NNNN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NNNN is below a declining SMA(50).
Relative Strength Index/RSI (14)	43.27	NEUTRAL	The RSI value for NNNN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.67	NEGATIVE	The MACD value suggests NNNN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	27.21	NEUTRAL	The Stochastics value for NNNN is a neutral value.
Average True Range in percent/ATR (20)	7.04	HIGH VOLATILITY	The high ATR as a percentage value for NNNN suggests high volalility.
Average Directional Index/ADX (14)	19.17	NEGATIVE	The low ADX value for NNNN suggests a weak or negative trend.