CANF Technical Analysis - CAN FITE BIOPHARMA LTD-ADR

Technical Rating and Analysis

Taking everything into account, CANF scores 0 out of 10 in our technical rating. CANF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

99% of all other stocks performed better in the past year than CANF.

CANF is part of the Biotechnology industry. There are 538 other stocks in this industry, of which 87% are performing better than CANF.

CANF is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month CANF has a been trading in the 0.61 - 0.67 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CAN FITE BIOPHARMA LTD-ADR / CANF Weekly stock chart

CAN FITE BIOPHARMA LTD-ADR / CANF Daily stock chart

Setup Rating and Analysis

The technical rating of CANF 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.61

0.68

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 0.63 to 0.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 0.67 to 0.67. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for CANF is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CANF is down.
ChartMill Relative Strength	1.84	NEGATIVE	CANF has a low relative strength, it was outperformed by 98.16% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CANF is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CANF is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CANF is below a declining SMA(200).
Relative Strength Index/RSI (14)	29.53	OVERSOLD	The low RSI value suggests CANF may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests CANF has a positive trend, although the MACD value is declining.
Stochastics (14,3)	24.91	NEUTRAL	The Stochastics value for CANF is a neutral value.
Average True Range in percent/ATR (20)	3.14	MEDIUM VOLATILITY	The ATR as a percentage value for CANF suggests some volalility.
Average Directional Index/ADX (14)	54.75	POSITIVE	The high ADX value value for CANF suggests a strong trend.