SILVERBACK THERAPEUTICS INC (SBTX) Stock Technical Analysis
NASDAQ:SBTX - Nasdaq - US82835W1080 - Common Stock - Currency: USD
Overall SBTX gets a technical rating of 8 out of 10. Although SBTX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
SBTX is part of the Biotechnology industry. There are 558 other stocks in this industry. SBTX outperforms 75% of them.
When compared to the yearly performance of all other stocks, SBTX outperforms 62% of them, which is more or less in line with the market.
SBTX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SBTX is lagging the market slightly.
In the last month SBTX has a been trading in the 4.91 - 6.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SBTX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.15. Right above this resistance zone may be a good entry point.
More info and screens
4.97
6.30
3 important support areas can be observed.
- Support @5.57 from a trend line in the daily time frame.
- A support zone ranging from 5.27 to 5.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.15 to 6.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for SBTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBTX is up. |
| ChartMill Relative Strength | 62.07 | NEUTRAL | SBTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SBTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.52 | NEUTRAL | The RSI value for SBTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SBTX has a negative trend. |
| Stochastics (14,3) | 49.74 | NEUTRAL | The Stochastics value for SBTX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.13 | HIGH VOLATILITY | The high ATR as a percentage value for SBTX suggests high volalility. |
| Average Directional Index/ADX (14) | 12.31 | NEGATIVE | The low ADX value for SBTX suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.25 | 5.56 | 0.69 (11.04%) | 9.06% |
| An entry @6.25. This is a Buy Stop order right above the resistance zone. | An exit @5.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.69 points, which is 11.04%. | When investing 9.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SBTX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:SBTX (11/8/2022, 4:30:02 PM)
5.87
+0.06 (+1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.03%
1 Week-4.55%
2 Weeks-4.24%
1 Month12.24%
3 Month15.55%
6 Month98.31%
12 Month-30.53%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%7.13%
ATR Inc-17.93%
Range Today0.43
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.07
Mansfield3.39
10 Day High6.5
10 Day Low5.55
20 Day High6.5
20 Day Low4.91
52 Week High8.97
52 Week Low2.8
CS1 End5.57
CR1 Start6.15
Volume & EV
DER(3)-6.92%
DER(5)-5.47%
Volume116.70K
Volume Incr-32.88%
Vol(5)128.24K
Vol(50)177.25K