Technical Analysis for BFRI - Biofrontera Inc.

Grade Last Price % Change Price Change
D 1.05 -0.94% -0.01
BFRI closed down 0.94 percent on Friday, May 24, 2024, on 25 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 Down Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Wide Bands Range Expansion -0.94%
Oversold Stochastic Weakness -0.94%
Narrow Range Bar Range Contraction -7.89%
Wide Bands Range Expansion -7.89%
Up 3 Days in a Row Strength -7.89%

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Profile

Biofrontera Inc., a biopharmaceutical company, develops and provides dermatological products for the treatment of skin diseases in the United States. It primarily develops therapies for non-melanoma skin cancer. It offers Ameluz, an aminolevulinic acid hydrochloride gel for the photodynamic therapy of actinic keratoses; and BF-RhodoLED, an LED lamp emitting red light for use in photodynamic therapy. The company was founded in 1997 and is based in Woburn, Massachusetts.
Classification

Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Keywords: Medicine Biopharmaceutical Clinical Medicine Health Sciences Melanoma Antineoplastic Drugs Dermatology Medical Physics Laser Medicine Skin Diseases Light Therapy Treatment Of Skin Diseases Actinic Keratosis Non Melanoma Skin Cancer

Is BFRI 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 13.42
52 Week Low 0.61
Average Volume 106,715
200-Day Moving Average 3.71
50-Day Moving Average 1.54
20-Day Moving Average 1.40
10-Day Moving Average 1.13
Average True Range 0.19
RSI (14) 36.31
ADX 18.18
+DI 16.86
-DI 26.80
Chandelier Exit (Long, 3 ATRs) 1.57
Chandelier Exit (Short, 3 ATRs) 1.56
Upper Bollinger Bands 2.01
Lower Bollinger Band 0.79
Percent B (%b) 0.21
BandWidth 87.20
MACD Line -0.16
MACD Signal Line -0.12
MACD Histogram -0.0348
Fundamentals Value
Market Cap 1.77 Million
Num Shares 1.68 Million
EPS -20.36
Price-to-Earnings (P/E) Ratio -0.05
Price-to-Sales 0.04
Price-to-Book 1.18
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.15
Resistance 3 (R3) 1.15 1.11 1.14
Resistance 2 (R2) 1.11 1.08 1.11 1.13
Resistance 1 (R1) 1.08 1.07 1.06 1.08 1.13
Pivot Point 1.04 1.04 1.03 1.04 1.04
Support 1 (S1) 1.01 1.01 0.99 1.02 0.97
Support 2 (S2) 0.97 1.00 0.97 0.97
Support 3 (S3) 0.94 0.97 0.96
Support 4 (S4) 0.95