SOLID BIOSCIENCES INC (SLDB) Stock Technical Analysis
NASDAQ:SLDB - Nasdaq - US83422E2046 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to SLDB. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SLDB is only an average performer.
The long and short term trends are both positive. This is looking good!
SLDB is part of the Biotechnology industry. There are 555 other stocks in this industry. SLDB outperforms 74% of them.
In the last month SLDB has a been trading in the 3.68 - 5.29 range, which is quite wide. It is currently trading near the high of this range.
SLDB has an average volume of 1793410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SLDB did better than 76% of all other 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.
SLDB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.49
5.90
4 important support areas can be observed.
- A support zone ranging from 4.70 to 4.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.50 from a horizontal line in the daily time frame.
- Support @2.64 from a trend line in the weekly time frame.
- Support @2.52 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.04 to 5.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.84 from a trend line in the daily 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 SLDB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLDB is up. |
| ChartMill Relative Strength | 76.58 | POSITIVE | SLDB has a high relative strength, it outperformed 76.58% 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) | DOWN | MIXED | The current price of SLDB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.16 | NEUTRAL | The RSI value for SLDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SLDB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.68 | NEUTRAL | The Stochastics value for SLDB is a neutral value. |
| Average True Range in percent/ATR (20) | 8.72 | HIGH VOLATILITY | The high ATR as a percentage value for SLDB suggests high volalility. |
| Average Directional Index/ADX (14) | 42.1 | 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)
5.03
+0.16 (+3.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.29%
1 Week4.57%
2 Weeks8.17%
1 Month30.99%
3 Month61.48%
6 Month21.5%
12 Month-14.31%
2 Year16.71%
3 Year-50.32%
5 Year-87.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%8.72%
ATR Inc-15.73%
Range Today0.28
ADR(20)0.43
ADR(20)%8.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.58
Mansfield-1.32
10 Day High5.2
10 Day Low4.39
20 Day High5.29
20 Day Low3.68
52 Week High10.37
52 Week Low2.41
CS1 End4.78
CR1 Start5.04
Volume & EV
DER(3)1.34%
DER(5)1.44%
Volume702.30K
Volume Incr42.02%
Vol(5)2.37M
Vol(50)1.79M