SAB BIOTHERAPEUTICS INC (SABS) Stock Technical Analysis
NASDAQ:SABS - US78397T2024 - Common Stock
2.27 USD
+0.01 (+0.44%)
2.27 USD
0 (0%)
Taking everything into account, SABS scores 6 out of 10 in our technical rating. SABS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
SABS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SABS has a been trading in the 1.94 - 2.34 range, which is quite wide. It is currently trading near the high of this range.
SABS has an average volume of 1775030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SABS turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
SABS is part of the Biotechnology industry. There are 541 other stocks in this industry, SABS did better than 58% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SABS has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.18, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SABS 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
1.78
2.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.12 to 2.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.07 from a horizontal line in the weekly time frame.
- Support @1.99 from a horizontal line in the daily time frame.
- Support @1.80 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @2.33 from a horizontal line in the daily time frame.
- Resistance @2.39 from a trend line in the daily time frame.
- Resistance @2.61 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 | NEUTRAL | NEUTRAL | The long term trend for SABS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SABS is up. |
| ChartMill Relative Strength | 42.3 | NEUTRAL | SABS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SABS is above the rising 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) | DOWN | NEGATIVE | The current price of SABS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.99 | NEUTRAL | The RSI value for SABS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SABS has a positive trend. |
| Stochastics (14,3) | 84.89 | OVERBOUGHT | The high Stochastics value suggests SABS may be overbought. |
| Average True Range in percent/ATR (20) | 5.82 | HIGH VOLATILITY | The high ATR as a percentage value for SABS suggests high volalility. |
| Average Directional Index/ADX (14) | 33.31 | POSITIVE | The high ADX value value for SABS suggests a strong 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)
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 |
|---|---|---|---|
| 2.34 | 2.11 | 0.23 (9.83%) | 10.17% |
| An entry @2.34. This is a Buy Stop order right above the resistance zone. | An exit @2.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.23 points, which is 9.83%. | For a 1.00% total portfolio risk, you can invest 10.17% of your capital in this trade. |
- 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.
2.27
+0.01 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.44%
1 Week8.1%
2 Weeks10.46%
1 Month1.79%
3 Month25.41%
6 Month40.12%
12 Month-20.07%
2 Year-63.97%
3 Year-67.62%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%5.82%
ATR Inc-7.46%
Range Today0.1
ADR(20)0.13
ADR(20)%5.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.3
Mansfield-1.52
10 Day High2.34
10 Day Low2.03
20 Day High2.34
20 Day Low1.94
52 Week High6.6
52 Week Low1
CS1 End2.18
CR1 Start2.33
Volume & EV
DER(3)3.51%
DER(5)1.95%
Volume118.60K
Volume Incr-22.76%
Vol(5)80.64K
Vol(50)1.78M