SESEN BIO INC (SESN) Stock Technical Analysis
NASDAQ:SESN - Nasdaq - US8177631053 - Common Stock - Currency: USD
Overall SESN gets a technical rating of 6 out of 10. In the last year, SESN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
SESN is part of the Biotechnology industry. There are 557 other stocks in this industry. SESN outperforms 87% of them.
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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that SESN is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
SESN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SESN is lagging the market.
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 has only a medium technical rating, but it does show a decent setup pattern. 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
0.44
0.67
We found 7 important support 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.
When analyzing the resistance we notice one important 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.
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. |
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)
0.6288
+0.04 (+7.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg7.29%
1 Week8.41%
2 Weeks8.75%
1 Month8.32%
3 Month18.64%
6 Month-3.71%
12 Month0.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%6.25%
ATR Inc103.39%
Range Today0.06
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
CRS90
Mansfield0.42
10 Day High0.64
10 Day Low0.53
20 Day High0.64
20 Day Low0.53
52 Week High0.97
52 Week Low0.37
CS1 End0.63
CR1 Start0.64
Volume & EV
DER(3)10.04%
DER(5)7.07%
Volume1.87M
Volume Incr225.84%
Vol(5)2.99M
Vol(50)1.17M