ADVFN ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for smarter Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.

Skinbiotherapeutics Price: SBTX Slips Against 16, Sequencing to Fast Drop Indexes

Share On Facebook
share on Linkedin
Print

Skinbiotherapeutics Plc (LSE:SBTX) is experiencing sharp bearish pressure as it slips against 16, sequencing into fast drop indexes. Technical momentum reflects weakening buyer strength, with downside volatility suggesting further short-term losses unless a corrective rebound stabilizes the trajectory.

From a deeper technical outlook, SBTX’s slip against 16 and alignment with fast drop indexes underscores persistent bearish dominance. The weakening EMA positioning and oversold stochastic sentiment hint at sustained selling pressure, while only strong consolidation above key thresholds could restore bullish conviction in the near term.

Resistance Levels: 17, 19, 21
Support Levels: 14, 13, 12

Will SBTX Extend Bearish Pressure As EMA Trends Align With Fast Drop Indexes?

Technically, SBTX’s bearish momentum remains intact as the short-term EMA continues sliding beneath longer averages, reinforcing downside pressure. Unless reversal signals emerge, the prevailing sentiment suggests further weakness with limited near-term recovery potential.

A slight northward crossing has emerged between the moving averages, with the 15-day EMA trend line converging near the 50-day EMA around the 16 value zone. Meanwhile, the Stochastic Oscillators have dipped southbound into the oversold region, signaling that bearish forces may soon lose momentum. If sellers fail to establish a consolidation pattern, downside traction could weaken, leaving room for a corrective rebound in the near term.

Learn from market wizards: Books to take your trading to the next

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Comments are closed

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com