Calliditas Therapeutics AB (CALT) Technical Analysis
NASDAQ:CALT • US13124Q1067
Current stock price
CALT Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to CALT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CALT is showing a nice and steady performance.
- Warning: CALT has an average volume of 8586 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CALT did better than 95% of all other stocks.
- CALT is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 84% of 192 stocks in the same industry.
- A new 52 week high is currently being made by CALT, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so CALT is leading the market.
- In the last month CALT has a been trading in the 39.04 - 43.00 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
CALT Weekly and Daily overview Charts
CALT Setup Rating and Analysis
Besides having an excellent technical rating, CALT also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 39.50, a Stop Loss order could be placed below this zone.
More info and screens
CALT Support and Resistance Analysis
20.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 39.44 to 39.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 37.99 to 38.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.98 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 40.10 to 40.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.41 to 41.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
CALT Technical Indicator Signal Analysis
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 CALT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CALT is up. |
| ChartMill Relative Strength | 95.05 | POSITIVE | CALT has a high relative strength, it outperformed 95.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CALT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CALT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CALT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.49 | NEUTRAL | The RSI value for CALT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CALT has a negative trend. |
| Stochastics (14,3) | 31.07 | NEUTRAL | The Stochastics value for CALT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for CALT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.02 | NEGATIVE | The low ADX value for CALT suggests a weak or negative trend. |
CALT Chart- and CandleStick Pattern Analysis
CALT Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:CALT (9/20/2024, 8:00:02 PM)
40.0001
-0.16 (-0.4%)
Calliditas Therapeutics AB / CALT TA FAQ
What is the technical rating for CALT stock?
ChartMill assigns a technical rating of 8 / 10 to CALT.
What is the current trend direction of Calliditas Therapeutics AB (CALT) stock?
The current trend direction for Calliditas Therapeutics AB (CALT) is Bullish.
What is the RSI signal for Calliditas Therapeutics AB (CALT) stock?
Calliditas Therapeutics AB (CALT) has an RSI value of 50.4942. This indicates that the stock is currently neutral.
What is the buy/sell signal for Calliditas Therapeutics AB (CALT) stock?
The buy/sell signal for Calliditas Therapeutics AB (CALT) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Calliditas Therapeutics AB (CALT) stock?
Calliditas Therapeutics AB (CALT) has a support level at 39.5 and a resistance level at 40.1. Check the full technical report for our detailed analysis of CALT support and resistance levels.