We assign a technical rating of 10 out of 10 to SIBN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SIBN is showing a nice and steady performance.
SIBN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 19.66, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
13.51
We found 5 important support areas.
- A support zone ranging from 19.25 to 19.66. 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 18.15 to 18.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.98 from a trend line in the daily time frame.
- Support @14.49 from a trend line in the weekly time frame.
- Support @13.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @20.38 from a horizontal line in the weekly time frame.
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 SIBN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SIBN is up. |
| ChartMill Relative Strength | 92.81 | POSITIVE | SIBN has a high relative strength, it outperformed 92.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SIBN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SIBN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SIBN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.07 | NEUTRAL | The RSI value for SIBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SIBN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.85 | NEUTRAL | The Stochastics value for SIBN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for SIBN suggests some volalility. |
| Average Directional Index/ADX (14) | 39.87 | POSITIVE | The high ADX value value for SIBN suggests a strong 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 |
|---|---|---|---|
| 20.39 | 19.24 | 1.15 (5.64%) | 17.73% |
| An entry @20.39. This is a Buy Stop order right above the resistance zone. | An exit @19.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.15 points, which is 5.64%. | When investing 17.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
20.36
-0.03 (-0.15%)
SI-BONE INC / SIBN FAQ
What is the ChartMill technical rating of SI-BONE INC (SIBN) stock?
ChartMill assigns a technical rating of 10 / 10 to SIBN.
What is the current trend direction of SI-BONE INC (SIBN) stock?
The current trend direction for SI-BONE INC (SIBN) is Bullish.
What is the RSI signal for SI-BONE INC (SIBN) stock?
SI-BONE INC (SIBN) has an RSI value of 64.0677. This indicates that the stock is currently neutral.
What is the MACD signal for SI-BONE INC (SIBN) stock?
The MACD indicator for SI-BONE INC (SIBN) has a value of 0.0443038, indicating a bearish trend.
What is the buy/sell signal for SI-BONE INC (SIBN) stock?
The buy/sell signal for SI-BONE INC (SIBN) is buy as both the short term and long term trends are positive.