SAB BIOTHERAPEUTICS INC (SABS) Stock Technical Analysis
NASDAQ:SABS • US78397T2024
Taking everything into account, SABS scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that SABS is one of the better performing stocks in the market, outperforming 94% of all stocks.
- SABS is one of the better performing stocks in the Biotechnology industry, it outperforms 83% of 521 stocks in the same industry.
- SABS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SABS is lagging the market.
- In the last month SABS has a been trading in the 3.52 - 4.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SABS 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 4.37. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SABS 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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We found 5 important support areas.
- Support @3.65 from a trend line in the daily time frame.
- A support zone ranging from 3.55 to 3.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.78 from a trend line in the weekly time frame.
- Support @2.55 from a trend line in the weekly time frame.
- Support @2.37 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.37 to 4.46. 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 | 94.46 | POSITIVE | SABS has a high relative strength, it outperformed 94.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SABS is above 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) | 54.06 | NEUTRAL | The RSI value for SABS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SABS has a positive trend. |
| Stochastics (14,3) | 67.1 | NEUTRAL | The Stochastics value for SABS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.06 | HIGH VOLATILITY | The high ATR as a percentage value for SABS suggests high volalility. |
| Average Directional Index/ADX (14) | 23.44 | NEUTRAL | The ADX value for SABS suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.47 | 3.64 | 0.83 (18.57%) | 5.39% |
| An entry @4.47. This is a Buy Stop order right above the resistance zone. | An exit @3.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.83 points, which is 18.57%. | When investing 5.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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-0.03 (-0.73%)
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.
What is the trend direction for SABS stock?
The current trend direction for SAB BIOTHERAPEUTICS INC (SABS) is Bullish.
What is the RSI signal for SABS stock?
SAB BIOTHERAPEUTICS INC (SABS) has an RSI value of 54.0613. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SAB BIOTHERAPEUTICS INC?
The MACD indicator for SAB BIOTHERAPEUTICS INC (SABS) has a value of 0.000446939, indicating a bearish trend.