2.43 USD
-0.14 (-5.45%)
2.4323 USD
+0 (+0.09%)
Taking everything into account, CABA scores 4 out of 10 in our technical rating. In the last year, CABA was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month CABA has a been trading in the 2.01 - 3.58 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
CABA has an average volume of 4633120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that CABA is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CABA is an average performer in the Biotechnology industry, it outperforms 61% of 534 stocks in the same industry.
CABA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CABA is lagging the market.
CABA has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.58
3.52
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.42 to 2.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.13 from a trend line in the daily time frame.
- A support zone ranging from 2.07 to 2.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.64 from a trend line in the weekly time frame.
- Support @1.60 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.58 to 2.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.49 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CABA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CABA is neutral. |
| ChartMill Relative Strength | 72.78 | POSITIVE | CABA has a high relative strength, it outperformed 72.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CABA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CABA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CABA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.22 | NEUTRAL | The RSI value for CABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CABA has a positive trend. |
| Stochastics (14,3) | 66.25 | NEUTRAL | The Stochastics value for CABA is a neutral value. |
| Average True Range in percent/ATR (20) | 10.9 | HIGH VOLATILITY | The high ATR as a percentage value for CABA suggests high volalility. |
| Average Directional Index/ADX (14) | 26.01 | POSITIVE | The high ADX value value for CABA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.43
-0.14 (-5.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.45%
1 Week16.83%
2 Weeks5.19%
1 Month-32.69%
3 Month42.94%
6 Month-2.02%
12 Month-26.25%
2 Year-89.3%
3 Year-73.73%
5 Year-80.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%10.9%
ATR Inc18.23%
Range Today0.1
ADR(20)0.26
ADR(20)%10.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.78
3 months CRS95.23
6 months CRS27.89
Mansfield0.96
10 Day High2.69
10 Day Low2.01
20 Day High3.58
20 Day Low2.01
52 Week High3.67
52 Week Low0.99
CS1 End2.42
CR1 Start2.58
Volume & EV
DER(3)7.17%
DER(5)7.27%
Volume1.58M
Volume Incr-56.22%
Vol(5)2.30M
Vol(50)4.63M
CABALETTA BIO INC / CABA FAQ
What is the ChartMill technical rating of CABALETTA BIO INC (CABA) stock?
ChartMill assigns a technical rating of 4 / 10 to CABA.
Can you provide the trend direction for CABALETTA BIO INC?
The current trend direction for CABALETTA BIO INC (CABA) is Bearish.
What is the RSI signal for CABALETTA BIO INC (CABA) stock?
CABALETTA BIO INC (CABA) has an RSI value of 50.2219. This indicates that the stock is currently neutral.
What are the support and resistance levels for CABALETTA BIO INC (CABA) stock?
CABALETTA BIO INC (CABA) has a support level at 2.42 and a resistance level at 2.58. Check the full technical report for our detailed analysis of CABA support and resistance levels.