Hot stock on the radar: Sunshine Biopharma (SBFM)

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Technical explanation:

Sunshine Biopharma (SBFM) 1892943 of the traded shares were traded in the last trading session, and the average trading volume was 8853.14 thousand shares. The stock acknowledged the active focus on stocks in the current trading session. SBFM disclosed a change of -8.25% and its listed value of $4.34 in its latest trade deal. This company belongs to the country Canada and is part of the healthcare sector. It has a market capitalization of $53.97 million. Use the market value to display the size of the company as this is a key factor for various characteristics to develop the interests of investors including risk.

The simple moving average is one of the most flexible and widely used technical analysis indicators. It is very popular among traders, mostly due to its simplicity. It works best in a trend environment. The simple moving average is calculated as the average of the last N periods (20 days, 50 days, 200 days), the stock price is up from the 20 day moving average with 17.58% and trading from the 50 day moving average with -1.14 %. The stock price is walking along the bearish drift from its 200-day moving average at -71.90%. Any type of moving average can be used to generate buy or sell signals and the process is very simple. The moving average charting software plots as a line directly in the price chart.

The Relative Strength Index (RSI-14) is currently reading at 50.58. The RSI reading ranges from 0 to 100. The speed and volatility of a stock’s price movement is measured by the RSI momentum oscillator. J. Welles Wilder developed the Relative Strength Index (RSI) which is commonly used as a momentum indicator. Usually when the RSI drops below 30, the stock is overloaded and overbought when it crosses 70. 30 to 70 is considered a normal reading for the stock. The general trend can be detected and find the anomalies and fluctuations of failure using the RSI indicator.

Volatility Analysis:

Volatility has remained at 42.61% over the past week and shows a volatility of 22.33% in the past month. Market risk that arises with market trading and is measured by a beta factor. The beta indicator is at -2.9. Risk is measured on the basis of the beta factor, if beta is higher than 1, the risk is higher and if beta is less than 1, the risk will be low. Volatility is also measured by ATR which is an exponential moving average (14 days) of the real bands. The value of the ATR is 1.35.

profitability shot:

Gross margin is disclosed at 48.40% and Return on Assets (ROA) shows the company is profitable compared to its total assets of -593.60%. Return on investment (ROI) is -605.80%.

performance review:

SBFM revealed a weekly performance of 109.29% and an annual performance of -83.11%. The stock has risen to -78.50% in the past six months and maintained the month at 61.99%. The stock recorded its year-to-date performance at -59.54% and changed by -63.33% over the past three months. The stock price is stable at -93.09% from the 52-week high and the stock is seen at 187.42% when looking at the 52-week low.

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