CABALETTA BIO INC (CABA) Stock Technical Analysis
USA - NASDAQ:CABA - US12674W1099 - Common Stock
2.34 USD
-0.04 (-1.68%)
2.31 USD
-0.03 (-1.28%)
Taking everything into account, CABA scores 7 out of 10 in our technical rating. Although CABA is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, CABA is a bad performer in the overall market: 67% of all stocks are doing better.
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.
The long and short term trends are both positive. This is looking good!
CABA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CABA has an average volume of 1685570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CABA is part of the Biotechnology industry. There are 536 other stocks in this industry, CABA did better than 50% of them.
CABA has an excellent technical rating, but the quality of the setup is only medium 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
1.44
2.50
4 important support areas can be observed.
- A support zone ranging from 2.29 to 2.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.63 from a trend line in the daily time frame.
- Support @1.49 from a trend line in the weekly time frame.
- Support @1.45 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @2.37 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 2.46 to 2.48. This zone is formed by a combination of multiple trend lines 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 | 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 | 33.63 | NEUTRAL | CABA is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of CABA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.76 | 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) | 78.39 | NEUTRAL | The Stochastics value for CABA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.5 | HIGH VOLATILITY | The high ATR as a percentage value for CABA suggests high volalility. |
| Average Directional Index/ADX (14) | 34.29 | 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)
2.34
-0.04 (-1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.68%
1 Week-3.31%
2 Weeks17.59%
1 Month61.38%
3 Month43.56%
6 Month110.81%
12 Month-45.07%
2 Year-84.63%
3 Year259.95%
5 Year-78.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%7.5%
ATR Inc-23.75%
Range Today0.16
ADR(20)0.17
ADR(20)%7.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.63
Mansfield-0.45
10 Day High2.55
10 Day Low1.92
20 Day High2.55
20 Day Low1.44
52 Week High5.46
52 Week Low0.99
CS1 End2.33
CR1 Start2.37
Volume & EV
DER(3)1.38%
DER(5)0.23%
Volume1.83M
Volume Incr30.97%
Vol(5)2.55M
Vol(50)1.69M