Technical Analysis for BLTE - Belite Bio, Inc.

Grade Last Price % Change Price Change
B 45.82 0.31% 0.14
BLTE closed up 0.31 percent on Monday, July 1, 2024, on 28 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. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Below Lower BB Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Calm After Storm Range Contraction 0.31%
NR7 Range Contraction 0.31%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 6 hours ago
Fell Below Previous Day's Low about 9 hours ago
60 Minute Opening Range Breakdown about 10 hours ago
Down 2 % 3 days ago
Possible NR7 3 days 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 50.15
52 Week Low 12.53
Average Volume 57,325
200-Day Moving Average 41.50
50-Day Moving Average 44.86
20-Day Moving Average 48.54
10-Day Moving Average 47.95
Average True Range 1.52
RSI (14) 39.39
ADX 24.63
+DI 11.96
-DI 29.93
Chandelier Exit (Long, 3 ATRs) 45.59
Chandelier Exit (Short, 3 ATRs) 49.57
Upper Bollinger Bands 50.99
Lower Bollinger Band 46.09
Percent B (%b) -0.06
BandWidth 10.09
MACD Line 0.33
MACD Signal Line 1.02
MACD Histogram -0.6889
Fundamentals Value
Market Cap 1.26 Billion
Num Shares 27.6 Million
EPS -1.26
Price-to-Earnings (P/E) Ratio -36.37
Price-to-Sales 0.00
Price-to-Book 23.98
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 46.90
Resistance 3 (R3) 46.83 46.41 46.72
Resistance 2 (R2) 46.41 46.13 46.44 46.66
Resistance 1 (R1) 46.11 45.96 45.90 46.18 46.60
Pivot Point 45.69 45.69 45.58 45.72 45.69
Support 1 (S1) 45.39 45.41 45.18 45.46 45.04
Support 2 (S2) 44.97 45.24 45.00 44.98
Support 3 (S3) 44.67 44.97 44.92
Support 4 (S4) 44.74