ANBIO BIOTECHNOLOGY LTD (NNNN) Technical Analysis
NASDAQ:NNNN • KYG0367B1059
Current stock price
NNNN Technical Rating and Analysis
Overall NNNN gets a technical rating of 3 out of 10. Although NNNN 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month NNNN has a been trading in the 20.10 - 30.49 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that NNNN is one of the better performing stocks in the market, outperforming 95% of all stocks.
- NNNN is part of the Biotechnology industry. There are 518 other stocks in this industry. NNNN outperforms 84% of them.
- NNNN 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 NNNN is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
NNNN Weekly and Daily overview Charts
NNNN Setup Rating and Analysis
Although the technical rating is bad, NNNN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.79, a Stop Loss order could be placed below this zone.
More info and screens
NNNN Support and Resistance Analysis
19.10
2 important support areas can be observed.
- A support zone ranging from 20.51 to 20.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.29 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 20.95 to 21.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.22 from a horizontal line in the daily time frame.
- Resistance @36.32 from a trend line in the daily time frame.
- Resistance @40.83 from a horizontal line in the daily time frame.
NNNN 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 NNNN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NNNN is down. |
| ChartMill Relative Strength | 95.32 | POSITIVE | NNNN has a high relative strength, it outperformed 95.32% 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). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NNNN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.69 | NEUTRAL | The RSI value for NNNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests NNNN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.7 | OVERSOLD | The low Stochastics value suggests NNNN may be oversold. |
| Average True Range in percent/ATR (20) | 10.8 | HIGH VOLATILITY | The high ATR as a percentage value for NNNN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.41 | NEUTRAL | The ADX value for NNNN suggests a possible start of a new trend. |
NNNN Chart- and CandleStick Pattern Analysis
NNNN Technicals: Chart, Performance Metrics, Trend & Indicators
20.94
-0.56 (-2.6%)
ANBIO BIOTECHNOLOGY LTD / NNNN TA FAQ
Can you provide the ChartMill technical rating for ANBIO BIOTECHNOLOGY LTD?
ChartMill assigns a technical rating of 3 / 10 to NNNN.
What is the trend direction for NNNN stock?
The current trend direction for ANBIO BIOTECHNOLOGY LTD (NNNN) is Bearish.
Can you provide the RSI signal for ANBIO BIOTECHNOLOGY LTD?
ANBIO BIOTECHNOLOGY LTD (NNNN) has an RSI value of 42.6883. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ANBIO BIOTECHNOLOGY LTD?
The MACD indicator for ANBIO BIOTECHNOLOGY LTD (NNNN) has a value of -0.0669089, indicating a bearish trend.
What is the short term momentum for NNNN stock?
The short term momentum for ANBIO BIOTECHNOLOGY LTD (NNNN) is negative.