BIOHAVEN LTD (BHVN)
VGG1110E1079 - Common Stock
Taking everything into account, BHVN scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month BHVN has a been trading in the 48.73 - 55.70 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that BHVN is one of the better performing stocks in the market, outperforming 92% of all stocks.
BHVN is one of the better performing stocks in the Biotechnology industry, it outperforms 80% of 564 stocks in the same industry.
BHVN has an average volume of 1050600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BHVN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BHVN is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
BHVN 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. There is a resistance zone just above the current price starting at 53.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.03, a Stop Loss order could be placed below this zone.
More info and screens
33.44
54.28
We found 4 important support areas.
- A support zone ranging from 49.75 to 50.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.15 from a trend line in the daily time frame.
- Support @34.71 from a horizontal line in the daily time frame.
- Support @33.78 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.07 to 53.74. 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
CRS92.66
Mansfield0.77
10 Day High54.75
10 Day Low48.74
20 Day High55.7
20 Day Low48.74
52 Week High62.21
52 Week Low26.8
Performance
1 Week-3.3%
2 Weeks-2.53%
1 Month-5.14%
3 Month28.6%
6 Month40.21%
12 Month74.97%
2 Year216.31%
3 Year-55.42%
5 Year-12.7%
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)-0.66
RSI(14)50.67
LBB49.52
UBB53.6
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 |
|---|---|---|---|
| 51.45 | 49.74 | 1.71 (3.33%) | 25.00% |
| An entry @51.45. This is a Buy Stop order right above the 10 day moving average. | An exit @49.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.71 points, which is 3.33%. | For a 0.83% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BHVN. 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.
BIOHAVEN LTD
NYSE:BHVN (11/4/2024, 8:04:00 PM)
After market: 50.04 0 (0%)50.04
-0.84 (-1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.65%
1 Week-3.3%
2 Weeks-2.53%
1 Month-5.14%
3 Month28.6%
6 Month40.21%
12 Month74.97%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.2
ATR(20)%4.59%
ATR Inc
Range Today1.88
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High54.75
10 Day Low48.74
20 Day High55.7
20 Day Low48.74
52 Week High62.21
52 Week Low26.8
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume766.90K
Volume Incr-36.65%
Vol(5)647.80K
Vol(50)1.05M