XBIOTECH INC (XBIT) Stock Technical Analysis
USA - NASDAQ:XBIT - CA98400H1029 - Common Stock
2.94 USD
+0.49 (+20%)
2.82 USD
-0.12 (-4.08%)
We assign a technical rating of 3 out of 10 to XBIT. XBIT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
92% of all other stocks performed better in the past year than XBIT.
XBIT is one of the lesser performing stocks in the Biotechnology industry. 72% of 531 stocks in the same industry do better.
XBIT 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 XBIT has a been trading in the 2.09 - 3.44 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of XBIT is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.91
5.18
We can see 4 important resistance areas.
- Resistance @2.95 from a horizontal line in the daily time frame.
- A resistance zone ranging from 3.18 to 3.21. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @3.52 from a horizontal line in the daily time frame.
- Resistance @5.13 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for XBIT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XBIT is neutral. |
| ChartMill Relative Strength | 8.4 | NEGATIVE | XBIT has a low relative strength, it was outperformed by 91.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XBIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of XBIT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of XBIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.27 | NEUTRAL | The RSI value for XBIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests XBIT has a positive trend. |
| Stochastics (14,3) | 57.96 | NEUTRAL | The Stochastics value for XBIT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for XBIT suggests high volalility. |
| Average Directional Index/ADX (14) | 23.35 | NEUTRAL | The ADX value for XBIT suggests a possible start of a new 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)
2.94
+0.49 (+20%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg20%
1 Week36.11%
2 Weeks23.01%
1 Month17.13%
3 Month-6.67%
6 Month-3.29%
12 Month-55.86%
2 Year-25%
3 Year-9.26%
5 Year-84.57%
10 Year-60.64%
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%5.71%
ATR Inc367.2%
Range Today0.96
ADR(20)0.16
ADR(20)%5.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.4
3 months CRS21.67
6 months CRS24.5
Mansfield-2.34
10 Day High3.44
10 Day Low2.09
20 Day High3.44
20 Day Low2.09
52 Week High7.64
52 Week Low2.09
CS1 EndN/A
CR1 Start2.95
Volume & EV
DER(3)3.41%
DER(5)6.11%
Volume2.12M
Volume Incr796.29%
Vol(5)546.91K
Vol(50)108.21K
XBIOTECH INC / XBIT FAQ
Can you provide the ChartMill technical rating for XBIOTECH INC?
ChartMill assigns a technical rating of 3 / 10 to XBIT.
What is the trend direction for XBIT stock?
The current trend direction for XBIOTECH INC (XBIT) is Bearish.
What is the RSI signal for XBIOTECH INC (XBIT) stock?
XBIOTECH INC (XBIT) has an RSI value of 66.2657. This indicates that the stock is currently neutral.
What is the short term momentum for XBIT stock?
The short term momentum for XBIOTECH INC (XBIT) is neutral.