We assign a technical rating of 7 out of 10 to SABS. In the last year, SABS was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, SABS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.00. Right above this resistance zone may be a good entry point.
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2.19
5 important support areas can be observed.
- A support zone ranging from 3.52 to 3.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.50 from a trend line in the weekly time frame.
- Support @2.39 from a trend line in the daily time frame.
- Support @2.35 from a trend line in the weekly time frame.
- Support @2.21 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.00 to 4.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SABS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SABS is neutral. |
| ChartMill Relative Strength | 92.23 | POSITIVE | SABS has a high relative strength, it outperformed 92.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SABS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SABS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SABS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.03 | NEUTRAL | The RSI value for SABS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SABS has a negative trend. |
| Stochastics (14,3) | 53.21 | NEUTRAL | The Stochastics value for SABS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.9 | HIGH VOLATILITY | The high ATR as a percentage value for SABS suggests high volalility. |
| Average Directional Index/ADX (14) | 21.16 | NEUTRAL | The ADX value for SABS suggests a possible start of a new trend. |
3.65
-0.13 (-3.44%)
SAB BIOTHERAPEUTICS INC / SABS FAQ
Can you provide the ChartMill technical rating for SAB BIOTHERAPEUTICS INC?
ChartMill assigns a technical rating of 7 / 10 to SABS.
Can you provide the trend direction for SAB BIOTHERAPEUTICS INC?
The current trend direction for SAB BIOTHERAPEUTICS INC (SABS) is Bullish.
What is the RSI signal for SAB BIOTHERAPEUTICS INC (SABS) stock?
SAB BIOTHERAPEUTICS INC (SABS) has an RSI value of 47.0283. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SAB BIOTHERAPEUTICS INC?
The short term momentum for SAB BIOTHERAPEUTICS INC (SABS) is neutral.
What is the support and resistance level for SABS stock?
SAB BIOTHERAPEUTICS INC (SABS) has a support level at 3.54 and a resistance level at 4. Check the full technical report for our detailed analysis of SABS support and resistance levels.