PUMA BIOTECHNOLOGY INC (PBYI) Stock Technical Analysis
NASDAQ:PBYI - Nasdaq - US74587V1070 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PBYI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PBYI is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
PBYI is part of the Biotechnology industry. There are 555 other stocks in this industry. PBYI outperforms 74% of them.
When comparing the yearly performance of all stocks, we notice that PBYI is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this relatively good performance is mostly due to a recent big move.
PBYI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PBYI is lagging the market.
In the last month PBYI has a been trading in the 3.15 - 3.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PBYI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.25, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PBYI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.28
3.87
5 important support areas can be observed.
- A support zone ranging from 3.19 to 3.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.12 from a trend line in the daily time frame.
- Support @3.04 from a trend line in the weekly time frame.
- A support zone ranging from 2.75 to 2.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.30 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @3.52 from a trend line in the weekly time frame.
- Resistance @3.62 from a horizontal line in the daily time frame.
- A resistance zone ranging from 3.73 to 3.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.83 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 | UP | POSITIVE | The long term trend for PBYI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PBYI is neutral. |
| ChartMill Relative Strength | 71.29 | POSITIVE | PBYI has a high relative strength, it outperformed 71.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PBYI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PBYI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PBYI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.13 | NEUTRAL | The RSI value for PBYI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PBYI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.61 | NEUTRAL | The Stochastics value for PBYI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for PBYI suggests high volalility. |
| Average Directional Index/ADX (14) | 16.95 | NEGATIVE | The low ADX value for PBYI suggests a weak or negative 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)
3.43
+0.1 (+3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3%
1 Week2.39%
2 Weeks2.39%
1 Month4.57%
3 Month18.28%
6 Month16.27%
12 Month16.27%
2 Year-2.83%
3 Year20.35%
5 Year-67.11%
10 Year-97.06%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%5.01%
ATR Inc-29.83%
Range Today0.1
ADR(20)0.17
ADR(20)%4.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.29
Mansfield0.42
10 Day High3.5
10 Day Low3.18
20 Day High3.82
20 Day Low3.15
52 Week High4.13
52 Week Low2.23
CS1 End3.25
CR1 Start3.57
Volume & EV
DER(3)6.39%
DER(5)2.84%
Volume374.40K
Volume Incr-3.08%
Vol(5)346.64K
Vol(50)354.00K