CABALETTA BIO INC (CABA) Technical Analysis
NASDAQ:CABA • US12674W1099
Overall CABA gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CABA is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CABA is one of the better performing stocks in the market, outperforming 91% of all stocks.
- CABA is part of the Biotechnology industry. There are 520 other stocks in this industry. CABA outperforms 76% of them.
- CABA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CABA is performing more or less in line with the market.
- CABA has an average volume of 3266100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CABA has a been trading in the 2.39 - 3.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although CABA has an excellent technical rating, it 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
2.06
When analyzing the support we can see 5 important areas.
- A support zone ranging from 3.16 to 3.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.65 to 2.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.37 from a trend line in the weekly time frame.
- Support @2.33 from a trend line in the daily time frame.
- A support zone ranging from 2.08 to 2.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 3.62 to 3.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for CABA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CABA is up. |
| ChartMill Relative Strength | 91.93 | POSITIVE | CABA has a high relative strength, it outperformed 91.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CABA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CABA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CABA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.45 | NEUTRAL | The RSI value for CABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CABA has a negative trend. |
| Stochastics (14,3) | 51.37 | NEUTRAL | The Stochastics value for CABA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.59 | HIGH VOLATILITY | The high ATR as a percentage value for CABA suggests high volalility. |
| Average Directional Index/ADX (14) | 34.45 | POSITIVE | The high ADX value value for CABA suggests a strong trend. |
CABA Technicals: Chart, Performance Metrics, Trend & Indicators
3.17
-0.01 (-0.31%)
CABALETTA BIO INC / CABA FAQ
What is the ChartMill technical rating of CABALETTA BIO INC (CABA) stock?
ChartMill assigns a technical rating of 10 / 10 to CABA.
What is the current trend direction of CABALETTA BIO INC (CABA) stock?
The current trend direction for CABALETTA BIO INC (CABA) is Bullish.
What is the RSI signal for CABALETTA BIO INC (CABA) stock?
CABALETTA BIO INC (CABA) has an RSI value of 55.454. This indicates that the stock is currently neutral.
What is the MACD signal for CABA stock?
The MACD indicator for CABALETTA BIO INC (CABA) has a value of -0.00735243, indicating a bearish trend.
What is the buy/sell signal for CABA stock?
The buy/sell signal for CABALETTA BIO INC (CABA) is buy as both the short term and long term trends are positive.