CABALETTA BIO INC (CABA) Stock Technical Analysis
NASDAQ:CABA - Nasdaq - US12674W1099 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to CABA. Recently some decent action could be observed, but in the medium term time frame this is still negative. CABA was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CABA is a bad performer in the overall market: 96% of all stocks are doing better.
CABA is part of the Biotechnology industry. There are 549 other stocks in this industry, of which 77% are performing better than CABA.
CABA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CABA has a been trading in the 1.26 - 1.83 range, which is quite wide. It is currently trading near the high of this range.
CABA has an average volume of 1993510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of CABA is bad and it also does not present a 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
1.34
2.36
When analyzing the support we notice one important area.
- Support @1.35 from a trend line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.65 to 1.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.71 from a horizontal line in the weekly time frame.
- Resistance @1.77 from a horizontal line in the daily time frame.
- Resistance @1.83 from a trend line in the daily time frame.
- Resistance @2.34 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for CABA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CABA is up. |
| ChartMill Relative Strength | 4.5 | NEGATIVE | CABA has a low relative strength, it was outperformed by 95.5% 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) | DOWN | NEGATIVE | The current price of CABA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CABA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.36 | NEUTRAL | The RSI value for CABA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CABA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.5 | OVERBOUGHT | The high Stochastics value suggests CABA may be overbought. |
| Average True Range in percent/ATR (20) | 7.57 | HIGH VOLATILITY | The high ATR as a percentage value for CABA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.99 | NEUTRAL | The ADX value for CABA suggests a possible start of a new 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)
1.62
-0.15 (-8.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-8.47%
1 Week21.8%
2 Weeks4.52%
1 Month2.53%
3 Month-7.43%
6 Month-21.36%
12 Month-73.27%
2 Year-88.56%
3 Year69.65%
5 Year-84.64%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%7.57%
ATR Inc16.03%
Range Today0.17
ADR(20)0.12
ADR(20)%7.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.5
Mansfield-4.06
10 Day High1.83
10 Day Low1.26
20 Day High1.83
20 Day Low1.26
52 Week High6.22
52 Week Low0.99
CS1 End1.35
CR1 Start1.65
Volume & EV
DER(3)-3.57%
DER(5)-2.31%
Volume1.57M
Volume Incr120.49%
Vol(5)2.34M
Vol(50)1.99M