Technical Analysis for BLTE - Belite Bio, Inc.

Grade Last Price % Change Price Change
B 81.66 -1.05% -0.87
BLTE closed up 0.23 percent on Wednesday, November 20, 2024, on 86 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish -1.05%
1,2,3 Pullback Bullish Bullish Swing Setup -1.05%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.05%
NR7 Range Contraction -1.05%
Narrow Range Bar Range Contraction -1.05%
Inside Day Range Contraction -1.05%
Wide Bands Range Expansion -1.05%
Overbought Stochastic Strength -1.05%
Wide Bands Range Expansion -0.83%
Overbought Stochastic Strength -0.83%

   Recent Intraday Alerts

Alert Time
Down 1% 16 minutes ago
Fell Below 10 DMA 16 minutes ago
60 Minute Opening Range Breakdown 24 minutes ago
10 DMA Support about 19 hours ago
Fell Below 10 DMA about 20 hours ago

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Profile

Belite Bio, Inc. Description

Belite Bio, Inc, a clinical-stage biopharmaceutical drug development company, engages in the research and development of novel therapeutics targeting atrophic age-related macular degeneration and autosomal recessive stargardt diseases. Its lead product candidate is LBS-008, an oral once-a-day treatment that can reduce and maintain the delivery of vitamin A to the eye to reduce the accumulation of toxic vitamin A by-products in ocular tissue that is in phase 3 clinical trial. The company is also developing LBS-009, an anti-retinol binding protein 4 oral therapy targeting liver disease, including non-alcoholic fatty liver disease, nonalcoholic steatohepatitis, and type 2 diabetes, which is in the preclinical development phase. Belite Bio, Inc was founded in 2016 and is based in San Diego, California. Belite Bio, Inc is a subsidiary of Lin Bioscience International Ltd.


Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Clinical Medicine Diabetes Drug Development Hepatitis Steatohepatitis Non Alcoholic Fatty Liver Disease Liver Disease Oral Therapy Stargardt Disease

Is BLTE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 86.53
52 Week Low 31.005
Average Volume 69,547
200-Day Moving Average 49.39
50-Day Moving Average 61.25
20-Day Moving Average 75.43
10-Day Moving Average 81.96
Average True Range 4.03
RSI (14) 72.30
ADX 33.7
+DI 28.43
-DI 13.98
Chandelier Exit (Long, 3 ATRs) 74.44
Chandelier Exit (Short, 3 ATRs) 67.59
Upper Bollinger Bands 90.31
Lower Bollinger Band 60.55
Percent B (%b) 0.74
BandWidth 39.46
MACD Line 6.60
MACD Signal Line 6.62
MACD Histogram -0.0199
Fundamentals Value
Market Cap 2.28 Billion
Num Shares 27.6 Million
EPS -1.26
Price-to-Earnings (P/E) Ratio -65.50
Price-to-Sales 0.00
Price-to-Book 23.98
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 85.52
Resistance 3 (R3) 85.51 84.50 85.02
Resistance 2 (R2) 84.50 83.74 84.51 84.85
Resistance 1 (R1) 83.52 83.27 83.02 83.53 84.69
Pivot Point 82.51 82.51 82.26 82.52 82.51
Support 1 (S1) 81.53 81.75 81.03 81.54 80.37
Support 2 (S2) 80.52 81.28 80.53 80.21
Support 3 (S3) 79.54 80.52 80.04
Support 4 (S4) 79.55