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. 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.
When comparing the yearly performance of all stocks, SBFM is a bad performer in the overall market: 95% of all stocks are doing better.
SBFM is one of the lesser performing stocks in the Biotechnology industry. 73% of 558 stocks in the same industry do better.
SBFM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SBFM has a been trading in the 1.39 - 1.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SBFM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.39
1.72
2 important support areas can be observed.
- A support zone ranging from 1.46 to 1.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.40 to 1.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.56 to 1.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.70 from a horizontal 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 | 5.53 | NEGATIVE | SBFM has a low relative strength, it was outperformed by 94.47% 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) | 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) | 51.91 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 48.61 | NEUTRAL | The Stochastics value for SBFM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.66 | HIGH VOLATILITY | The high ATR as a percentage value for SBFM suggests high volalility. |
| Average Directional Index/ADX (14) | 31.66 | 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)
1.54
-0.05 (-3.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.45%
1 Week-0.65%
2 Weeks4.76%
1 Month-9.41%
3 Month13.24%
6 Month-47.44%
12 Month-76.74%
2 Year-99.85%
3 Year-99.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%7.66%
ATR Inc-38.99%
Range Today0.09
ADR(20)0.12
ADR(20)%7.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.53
Mansfield-4.42
10 Day High1.75
10 Day Low1.39
20 Day High1.75
20 Day Low1.39
52 Week High6.99
52 Week Low1.17
CS1 End1.47
CR1 Start1.56
Volume & EV
DER(3)-6.55%
DER(5)-5.96%
Volume80.20K
Volume Incr-43.92%
Vol(5)103.10K
Vol(50)143.27K