SESEN BIO INC (SESN) Technical Analysis
NASDAQ:SESN • US8177631053
Current stock price
SESN Technical Rating and Analysis
Taking everything into account, SESN scores 6 out of 10 in our technical rating. SESN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- SESN is one of the better performing stocks in the Biotechnology industry, it outperforms 72% of 517 stocks in the same industry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SESN has an average volume of 1174710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Looking at the yearly performance, SESN did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- SESN 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 SESN is lagging the market slightly.
- In the last month SESN has a been trading in the 0.53 - 0.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SESN Weekly and Daily overview Charts
SESN Setup Rating and Analysis
Although the technical rating is only medium, SESN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.64. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SESN 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
SESN Support and Resistance Analysis
0.44
When analyzing the support we can see 7 important areas.
- Support @0.63 from a trend line in the daily time frame.
- A support zone ranging from 0.59 to 0.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.58 from a horizontal line in the daily time frame.
- Support @0.56 from a trend line in the daily time frame.
- Support @0.55 from a horizontal line in the weekly time frame.
- Support @0.51 from a trend line in the daily time frame.
- Support @0.44 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.64 to 0.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
SESN 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 | NEUTRAL | NEUTRAL | The long term trend for SESN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SESN is neutral. |
| ChartMill Relative Strength | 90 | POSITIVE | SESN has a high relative strength, it outperformed 90% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SESN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SESN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SESN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.6 | NEUTRAL | The RSI value for SESN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SESN has a positive trend. |
| Stochastics (14,3) | 70.46 | NEUTRAL | The Stochastics value for SESN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.25 | HIGH VOLATILITY | The high ATR as a percentage value for SESN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.02 | NEGATIVE | The low ADX value for SESN suggests a weak or negative trend. |
SESN Chart- and CandleStick Pattern Analysis
SESN Technicals: Chart, Performance Metrics, Trend & Indicators
0.6288
+0.04 (+7.29%)
SESEN BIO INC / SESN TA FAQ
Can you provide the ChartMill technical rating for SESEN BIO INC?
ChartMill assigns a technical rating of 5 / 10 to SESN.
What is the trend direction for SESN stock?
The current trend direction for SESEN BIO INC (SESN) is Bearish.
What is the RSI signal for SESEN BIO INC (SESN) stock?
SESEN BIO INC (SESN) has an RSI value of 57.6042. This indicates that the stock is currently neutral.
What is the MACD signal for SESN stock?
The MACD indicator for SESEN BIO INC (SESN) has a value of 0.00331079, indicating a bearish trend.
What are the support and resistance levels for SESEN BIO INC (SESN) stock?
SESEN BIO INC (SESN) has a support level at 0.63 and a resistance level at 0.64. Check the full technical report for our detailed analysis of SESN support and resistance levels.