SBFM Technical Analysis - SUNSHINE BIOPHARMA INC

Technical Rating and Analysis

Overall SBFM gets a technical rating of 4 out of 10. 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.

When comparing the yearly performance of all stocks, SBFM is a bad performer in the overall market: 91% of all stocks are doing better.

SBFM is part of the Biotechnology industry. There are 538 other stocks in this industry, of which 67% are performing better than SBFM.

SBFM 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.

In the last month SBFM has a been trading in the 1.35 - 1.67 range, which is quite wide. It is currently trading near the high of this range.

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.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SUNSHINE BIOPHARMA INC / SBFM Weekly stock chart

SUNSHINE BIOPHARMA INC / SBFM Daily stock chart

Setup Rating and Analysis

SBFM has an average technical rating and the quality of the presented setup is also not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.34

1.61

We found 2 important support areas.

A support zone ranging from 1.46 to 1.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 1.35 to 1.37. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @1.59 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	9.6	NEGATIVE	SBFM has a low relative strength, it was outperformed by 90.4% 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)	UP	POSITIVE	The current price of SBFM is above the rising 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)	66.1	NEUTRAL	The RSI value for SBFM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests SBFM has a positive trend.
Stochastics (14,3)	77.38	NEUTRAL	The Stochastics value for SBFM is a neutral value.
Average True Range in percent/ATR (20)	4.26	MEDIUM VOLATILITY	The ATR as a percentage value for SBFM suggests some volalility.
Average Directional Index/ADX (14)	16.17	NEGATIVE	The low ADX value for SBFM suggests a weak or negative trend.