SILVERBACK THERAPEUTICS INC (SBTX) Stock Technical Analysis
NASDAQ:SBTX - Nasdaq - US82835W1080 - Common Stock - Currency: USD
Taking everything into account, SBTX scores 8 out of 10 in our technical rating. Although SBTX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
SBTX is one of the better performing stocks in the Biotechnology industry, it outperforms 74% of 571 stocks in the same industry.
When comparing the performance of all stocks over the past year, SBTX turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
SBTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SBTX is lagging the market.
In the last month SBTX has a been trading in the 4.91 - 6.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SBTX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.15. Right above this resistance zone may be a good entry point.
More info and screens
4.97
6.30
3 important support areas can be observed.
- Support @5.57 from a trend line in the daily time frame.
- A support zone ranging from 5.27 to 5.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.15 to 6.24. 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
CRS62.07
Mansfield3.39
10 Day High6.5
10 Day Low5.55
20 Day High6.5
20 Day Low4.91
52 Week High8.97
52 Week Low2.8
Performance
1 Week-4.55%
2 Weeks-4.24%
1 Month12.24%
3 Month15.55%
6 Month98.31%
12 Month-30.53%
2 YearN/A
3 YearN/A
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)-0.03
RSI(14)53.52
LBB5.66
UBB6.34
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 |
|---|---|---|---|
| 6.25 | 5.56 | 0.69 (11.04%) | 9.06% |
| An entry @6.25. This is a Buy Stop order right above the resistance zone. | An exit @5.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.69 points, which is 11.04%. | When investing 9.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SBTX. 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.
NASDAQ:SBTX (11/8/2022, 4:30:02 PM)
5.87
+0.06 (+1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.03%
1 Week-4.55%
2 Weeks-4.24%
1 Month12.24%
3 Month15.55%
6 Month98.31%
12 Month-30.53%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%7.13%
ATR Inc-17.93%
Range Today0.43
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.07
Mansfield3.39
10 Day High6.5
10 Day Low5.55
20 Day High6.5
20 Day Low4.91
52 Week High8.97
52 Week Low2.8
CS1 End5.57
CR1 Start6.15
Volume & EV
DER(3)-6.92%
DER(5)-5.47%
Volume116.70K
Volume Incr-32.88%
Vol(5)128.24K
Vol(50)177.25K