SIBN Technical Analysis - SI-BONE INC

Technical Rating and Analysis

Overall SIBN gets a technical rating of 0 out of 10. SIBN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

83% of all other stocks performed better in the past year than SIBN.

SIBN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month SIBN has a been trading in the 13.80 - 16.88 range, which is quite wide. It is currently trading near the lows of this range.

SIBN is an average performer in the Health Care Equipment & Supplies industry, it outperforms 51% of 191 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

SIBN has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

12.92

19.66

When analyzing the support we notice one important area.

Support @13.05 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 15.19 to 15.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @17.24 from a trend line in the daily time frame.
Resistance @19.47 from a trend line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for SIBN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SIBN is down.
ChartMill Relative Strength	17.82	NEGATIVE	SIBN has a low relative strength, it was outperformed by 82.18% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SIBN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SIBN is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of SIBN is below the rising SMA(200).
Relative Strength Index/RSI (14)	32.92	NEUTRAL	The RSI value for SIBN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests SIBN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	11.08	OVERSOLD	The low Stochastics value suggests SIBN may be oversold.
Average True Range in percent/ATR (20)	3.95	MEDIUM VOLATILITY	The ATR as a percentage value for SIBN suggests some volalility.
Average Directional Index/ADX (14)	24.52	NEUTRAL	The ADX value for SIBN suggests a possible start of a new trend.