SUNSHINE BIOPHARMA INC (SBFM) Stock Technical Analysis
NASDAQ:SBFM - Nasdaq - US8677817004 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to SBFM. SBFM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
98% of all other stocks performed better in the past year than SBFM.
SBFM is part of the Biotechnology industry. There are 561 other stocks in this industry, of which 84% 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.
SBFM has an average volume of 1796250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SBFM has a been trading in the 1.21 - 1.57 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.
Although the technical rating is bad, SBFM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 1.22, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SBFM 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.
More info and screens
1.21
1.81
We found 1 important support area.
- A support zone ranging from 1.22 to 1.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- Resistance @1.51 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.54 to 1.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.79 from a trend line 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 | NEUTRAL | NEUTRAL | The short term trend for SBFM is neutral. |
| ChartMill Relative Strength | 2.24 | NEGATIVE | SBFM has a low relative strength, it was outperformed by 97.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SBFM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SBFM is below 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) | 46.25 | NEUTRAL | The RSI value for SBFM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SBFM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.18 | NEUTRAL | The Stochastics value for SBFM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.05 | HIGH VOLATILITY | The high ATR as a percentage value for SBFM suggests high volalility. |
| Average Directional Index/ADX (14) | 20.12 | NEUTRAL | The ADX value for SBFM suggests a possible start of a new 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)
1.4
-0.02 (-1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.41%
1 Week5.3%
2 Weeks13.01%
1 Month-10.32%
3 Month-43.27%
6 Month-41.1%
12 Month-90.79%
2 Year-99.89%
3 Year-99.95%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%7.05%
ATR Inc-20.54%
Range Today0.04
ADR(20)0.1
ADR(20)%6.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.24
Mansfield-6.14
10 Day High1.54
10 Day Low1.21
20 Day High1.57
20 Day Low1.21
52 Week High15.18
52 Week Low1.17
CS1 End1.22
CR1 Start1.51
Volume & EV
DER(3)2.25%
DER(5)3.43%
Volume78.53K
Volume Incr-81.27%
Vol(5)147.42K
Vol(50)1.80M