CARIS LIFE SCIENCES INC (CAI) Stock Technical Analysis
NASDAQ:CAI • US1421521071
We assign a technical rating of 0 out of 10 to CAI. CAI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than CAI.
- CAI is part of the Biotechnology industry. There are 521 other stocks in this industry, of which 93% are performing better than CAI.
- CAI has an average volume of 2374900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CAI has a been trading in the 17.15 - 25.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of CAI 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
19.94
When analyzing the resistance we notice 3 important areas.
- Resistance @23.08 from a trend line in the daily time frame.
- A resistance zone ranging from 24.58 to 24.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @28.86 from a horizontal 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 CAI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAI is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | CAI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CAI is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.8 | NEUTRAL | The RSI value for CAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CAI has a positive trend. |
| Stochastics (14,3) | 35.56 | NEUTRAL | The Stochastics value for CAI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for CAI suggests high volalility. |
| Average Directional Index/ADX (14) | 39.53 | POSITIVE | The high ADX value value for CAI suggests a strong trend. |
20.14
+0.9 (+4.68%)
CARIS LIFE SCIENCES INC / CAI FAQ
What is the technical rating for CAI stock?
ChartMill assigns a technical rating of 0 / 10 to CAI.
Can you provide the trend direction for CARIS LIFE SCIENCES INC?
The current trend direction for CARIS LIFE SCIENCES INC (CAI) is Bearish.
Can you provide the RSI signal for CARIS LIFE SCIENCES INC?
CARIS LIFE SCIENCES INC (CAI) has an RSI value of 40.7993. This indicates that the stock is currently neutral.
What is the MACD signal for CAI stock?
The MACD indicator for CARIS LIFE SCIENCES INC (CAI) has a value of 0.00208482, indicating a bearish trend.
What are the support and resistance levels for CARIS LIFE SCIENCES INC (CAI) stock?
CARIS LIFE SCIENCES INC (CAI) has a resistance level at 23.08. Check the full technical report for our detailed analysis of CAI support and resistance levels.