BIOFRONTERA INC (BFRI) Stock Technical Analysis
NASDAQ:BFRI - Nasdaq - US09077D2099 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to BFRI. Although BFRI has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
BFRI 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.
BFRI is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 88% of 194 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, BFRI did better than 87% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month BFRI has a been trading in the 1.00 - 1.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, BFRI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.09, a Stop Loss order could be placed below this zone.
More info and screens
0.72
1.20
5 important support areas can be observed.
- A support zone ranging from 1.08 to 1.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.04 from a trend line in the daily time frame.
- Support @0.99 from a horizontal line in the daily time frame.
- Support @0.97 from a horizontal line in the daily time frame.
- Support @0.73 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.17 to 1.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.9
Mansfield-1.13
10 Day High1.19
10 Day Low1.06
20 Day High1.24
20 Day Low1
52 Week High2.43
52 Week Low0.65
Performance
1 Week-5.13%
2 Weeks-4.31%
1 Month2.78%
3 Month27.59%
6 Month-5.93%
12 Month20.65%
2 Year-92.5%
3 Year-98.12%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)49.87
LBB1.08
UBB1.19
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 |
|---|---|---|---|
| 1.20 | 1.07 | 0.13 (10.83%) | 9.23% |
| An entry @1.20. This is a Buy Stop order right above the resistance zone. | An exit @1.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.13 points, which is 10.83%. | When investing 9.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
1.11
-0.04 (-3.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.48%
1 Week-5.13%
2 Weeks-4.31%
1 Month2.78%
3 Month27.59%
6 Month-5.93%
12 Month20.65%
2 Year-92.5%
3 Year-98.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.71%
ATR Inc-28.77%
Range Today0.06
ADR(20)0.07
ADR(20)%6.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.9
Mansfield-1.13
10 Day High1.19
10 Day Low1.06
20 Day High1.24
20 Day Low1
52 Week High2.43
52 Week Low0.65
CS1 End1.09
CR1 Start1.17
Volume & EV
DER(3)2.51%
DER(5)2.53%
Volume60.10K
Volume Incr-52.49%
Vol(5)84.52K
Vol(50)648.46K