BHVN Weekly Technical Analysis
Biohaven Ltd
Biopharmaceutical company focused on discovering, developing, and commercializing treatments for diseases in neuroscience, immunology, and oncology
BHVN Technical Analysis Summary
Biohaven Ltd. remains entrenched in a pronounced long-term downtrend, consistently making lower highs and lower lows beneath a declining 50-week moving average. While short-term momentum indicators like RSI and MACD hint at a potential deceleration in the sell-off and possible stabilization near recent lows, significant structural damage must be repaired. A sustained break above the 50-week moving average near 15.18 is required to signal a meaningful shift in the broader trend context.
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BHVN Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is hovering near recent lows and the lower Bollinger Band, but MACD histogram is starting to turn less negative, and RSI has slightly recovered from oversold levels, suggesting a potential near-term stabilization.
Long-term Sentiment (weeks to months): Bearish
The long-term trend is clearly downward characterized by a series of lower highs and lower lows. Price remains below the 50-week and 200-week moving averages, and the 50-week MA is trending down, indicating sustained bearish momentum.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:38:27.740Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $10.00 | $9.50 - $10.50 | Weak | Minor interim support formed during the recent consolidation phase, though tested multiple times. |
| $7.69 | $6.87 - $8.50 | Strong | Recent multi-year low established around the lower Bollinger Band, serving as the ultimate floor before potential further downside discovery. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $16.13 | $15.18 - $17.08 | Strong | Confluence zone encompassing the 50-week SMA (15.18) and the upper Bollinger Band (17.08), presenting significant overhead supply. |
| $22.00 | $20.00 - $24.00 | Strong | Previous structural support turned resistance, marking a key battleground level where significant selling pressure previously emerged. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Descending Channel | Bearish | N/A | Price action since the peak has been confined within a broad, downward-sloping channel, consistently respecting lower highs and lower lows. |
| Weak | Potential Double Bottom (Developing) | Neutral | N/A | Price is retesting the general area of the recent major low near the lower Bollinger Band. If this level holds and price reverses upward, it could form a double bottom, although it is too early to confirm. |
Frequently Asked Questions about BHVN
What is the current sentiment for BHVN?
The short-term sentiment for BHVN is currently Neutral because Price is hovering near recent lows and the lower Bollinger Band, but MACD histogram is starting to turn less negative, and RSI has slightly recovered from oversold levels, suggesting a potential near-term stabilization.. The long-term trend is classified as Bearish.
What are the key support levels for BHVN?
StockDips.AI has identified key support levels for BHVN at $10.00 and $7.69. These levels may represent potential accumulation zones where buying interest could emerge.
Is BHVN in a significant dip or a Value Dip right now?
BHVN has a Value Score of 48/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.