We assign a technical rating of 9 out of 10 to BBC. Both in the recent history as in the last year, BBC has proven to be a steady performer, scoring decent points in every aspect analyzed.
BBC 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 a support zone below the current price at 39.69, a Stop Loss order could be placed below this zone.
More info and screens
33.08
3 important support areas can be observed.
- A support zone ranging from 38.82 to 39.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.30 from a horizontal line in the daily time frame.
- A support zone ranging from 33.41 to 33.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.96 to 40.30. 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 BBC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBC is up. |
| ChartMill Relative Strength | 94.66 | POSITIVE | BBC has a high relative strength, it outperformed 94.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.89 | NEUTRAL | The RSI value for BBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.51 | OVERBOUGHT | The high Stochastics value suggests BBC may be overbought. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for BBC suggests some volalility. |
| Average Directional Index/ADX (14) | 36.97 | POSITIVE | The high ADX value value for BBC 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 |
|---|---|---|---|
| 40.31 | 38.81 | 1.50 (3.72%) | 25.00% |
| An entry @40.31. This is a Buy Stop order right above the resistance zone. | An exit @38.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.50 points, which is 3.72%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of BBC. Please evaluate whether better entry and exit points can be found.
- 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.
39.7
-0.1 (-0.25%)
VIRTUS LIFESCI BIOTECH CLINI / BBC FAQ
What is the ChartMill technical rating of VIRTUS LIFESCI BIOTECH CLINI (BBC) stock?
ChartMill assigns a technical rating of 9 / 10 to BBC.
What is the current trend direction of VIRTUS LIFESCI BIOTECH CLINI (BBC) stock?
The current trend direction for VIRTUS LIFESCI BIOTECH CLINI (BBC) is Bullish.
What is the RSI signal for BBC stock?
VIRTUS LIFESCI BIOTECH CLINI (BBC) has an RSI value of 68.8944. This indicates that the stock is currently neutral.
What is the MACD signal for VIRTUS LIFESCI BIOTECH CLINI (BBC) stock?
The MACD indicator for VIRTUS LIFESCI BIOTECH CLINI (BBC) has a value of 0.0229929, indicating a bearish trend.
What is the support and resistance level for BBC stock?
VIRTUS LIFESCI BIOTECH CLINI (BBC) has a support level at 39.69 and a resistance level at 39.96. Check the full technical report for our detailed analysis of BBC support and resistance levels.