SBFM Technical Analysis - SUNSHINE BIOPHARMA INC

Technical Rating and Analysis

Taking everything into account, SBFM scores 6 out of 10 in our technical rating. In the past year, SBFM was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.

In the last month SBFM has a been trading in the 1.44 - 2.43 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

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.

When compared to the yearly performance of all other stocks, SBFM outperforms 64% of them, which is more or less in line with the market.

SBFM is an average performer in the Biotechnology industry, it outperforms 53% of 536 stocks in the same industry.

SBFM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SBFM is lagging the market.

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 it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.38

2.22

We found 2 important support areas.

A support zone ranging from 1.51 to 1.53. 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 1.39 to 1.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	64.54	NEUTRAL	SBFM is not amongst the best or worst performers 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	MIXED	The current price of SBFM is above a declining SMA(200).
Relative Strength Index/RSI (14)	81.04	OVERBOUGHT	The high RSI value suggests SBFM may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests SBFM has a positive trend.
Stochastics (14,3)	81.13	OVERBOUGHT	The high Stochastics value suggests SBFM may be overbought.
Average True Range in percent/ATR (20)	5.94	HIGH VOLATILITY	The high ATR as a percentage value for SBFM suggests high volalility.
Average Directional Index/ADX (14)	36.41	POSITIVE	The high ADX value value for SBFM suggests a strong trend.