On June 6th, I said we are going higher and that I was buying heavily. The next resistance is 89 cents. Keep buying! Bio-Path Holdings / NASDAQ:BPTH
Technical Report
Fundamental Report (Beta!)
Technical Rating
0
0
10
Overall BPTH gets a technical rating of 0 out of 10. BPTH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
In the last month BPTH has a been trading in the 0.33 - 0.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
97% of all other stocks performed better in the past year than BPTH.
BPTH is one of the lesser performing stocks in the Miscellaneous Retail industry. 100% of 17 stocks in the same industry do better.
BPTH is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
Statistics
ST Trend LT Trend SMA(20) SMA(50) SMA(100) SMA(200)
RS 52 Week Range 1 Month 3 Month 6 Month 12 Month
3.41 0.33 - 2.32 -18.07% -42.55% -63.13% -77.43%
Support/Resistance Analysis
0.440.89
We can see 2 important resistance areas.
A resistance zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @0.88 from a trend line in the daily time frame.
Setup Analysis
Setup Rating
4
0
10
BPTH has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
