SOLID BIOSCIENCES INC (SLDB) Stock Technical Analysis
NASDAQ:SLDB - Nasdaq - US83422E2046 - Common Stock - Currency: USD
Overall SLDB gets a technical rating of 9 out of 10. Both in the recent history as in the last year, SLDB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
SLDB is one of the better performing stocks in the Biotechnology industry, it outperforms 90% of 551 stocks in the same industry.
SLDB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SLDB has an average volume of 1634000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SLDB is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
SLDB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SLDB is lagging the market.
Although SLDB has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
6.01
7.15
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.81 to 6.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.07 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.01 to 7.08. 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 SLDB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLDB is up. |
| ChartMill Relative Strength | 94.58 | POSITIVE | SLDB has a high relative strength, it outperformed 94.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLDB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLDB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLDB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.99 | NEUTRAL | The RSI value for SLDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SLDB has a negative trend. |
| Stochastics (14,3) | 73.65 | NEUTRAL | The Stochastics value for SLDB is a neutral value. |
| Average True Range in percent/ATR (20) | 7.11 | HIGH VOLATILITY | The high ATR as a percentage value for SLDB suggests high volalility. |
| Average Directional Index/ADX (14) | 53.14 | POSITIVE | The high ADX value value for SLDB suggests a strong 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)
6.82
-0.01 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.15%
1 Week-2.85%
2 Weeks7.06%
1 Month38.9%
3 Month147.1%
6 Month136.81%
12 Month-7.59%
2 Year88.92%
3 Year-28.96%
5 Year-80.98%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%7.11%
ATR Inc-7.52%
Range Today0.5
ADR(20)0.47
ADR(20)%6.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.58
Mansfield2.25
10 Day High7.37
10 Day Low5.74
20 Day High7.37
20 Day Low4.94
52 Week High10.37
52 Week Low2.41
CS1 End6.81
CR1 Start7.01
Volume & EV
DER(3)3.93%
DER(5)3.45%
Volume1.13M
Volume Incr-8.13%
Vol(5)1.35M
Vol(50)1.63M