SUNSHINE BIOPHARMA INC (SBFM) Stock Technical Analysis
NASDAQ:SBFM - Nasdaq - US8677817004 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to SBFM. Recently some decent action could be observed, but in the medium term time frame this is still negative. SBFM was also a bad performer in the overall market in the last year.
96% of all other stocks performed better in the past year than SBFM.
SBFM is part of the Biotechnology industry. There are 557 other stocks in this industry, of which 75% are performing better than SBFM.
SBFM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SBFM is lagging the market.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SBFM has a been trading in the 1.32 - 1.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The technical rating of SBFM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.21
1.74
We found 3 important support areas.
- Support @1.53 from a trend line in the daily time frame.
- A support zone ranging from 1.41 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.70 to 1.72. This zone is formed by a combination of multiple trend lines in the daily 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 | DOWN | NEGATIVE | The long term trend for SBFM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBFM is up. |
| ChartMill Relative Strength | 4.26 | NEGATIVE | SBFM has a low relative strength, it was outperformed by 95.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBFM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SBFM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SBFM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.02 | NEUTRAL | The RSI value for SBFM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SBFM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.74 | NEUTRAL | The Stochastics value for SBFM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.32 | HIGH VOLATILITY | The high ATR as a percentage value for SBFM suggests high volalility. |
| Average Directional Index/ADX (14) | 25.63 | POSITIVE | The high ADX value value for SBFM 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)
1.55
-0.04 (-2.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.52%
1 Week2.65%
2 Weeks8.39%
1 Month17.42%
3 Month-19.69%
6 Month-43.64%
12 Month-76.52%
2 Year-99.84%
3 Year-99.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%6.32%
ATR Inc26.27%
Range Today0.06
ADR(20)0.1
ADR(20)%6.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.26
Mansfield-5.03
10 Day High1.81
10 Day Low1.38
20 Day High1.81
20 Day Low1.32
52 Week High9.36
52 Week Low1.17
CS1 End1.53
CR1 Start1.7
Volume & EV
DER(3)-1.45%
DER(5)5.39%
Volume69.40K
Volume Incr-0.77%
Vol(5)104.00K
Vol(50)428.28K