SILVERBACK THERAPEUTICS INC (SBTX) Stock Technical Analysis
USA - NASDAQ:SBTX - US82835W1080 - Common Stock
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.
Besides having an excellent technical rating, SBTX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
We found 3 important support areas.
- 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. |
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 trade has a worst case loss of 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%)
SILVERBACK THERAPEUTICS INC / SBTX FAQ
What is the technical rating for SBTX stock?
ChartMill assigns a technical rating of 8 / 10 to SBTX.
What is the trend direction for SBTX stock?
The current trend direction for SILVERBACK THERAPEUTICS INC (SBTX) is Bullish.
Can you provide the RSI signal for SILVERBACK THERAPEUTICS INC?
SILVERBACK THERAPEUTICS INC (SBTX) has an RSI value of 53.5205. This indicates that the stock is currently neutral.
What is the MACD signal for SILVERBACK THERAPEUTICS INC (SBTX) stock?
The MACD indicator for SILVERBACK THERAPEUTICS INC (SBTX) has a value of -0.0256724, indicating a bearish trend.
What is the short term momentum for SILVERBACK THERAPEUTICS INC (SBTX) stock?
The short term momentum for SILVERBACK THERAPEUTICS INC (SBTX) is positive.