CARA THERAPEUTICS INC (CARA) Technical Analysis
NASDAQ:CARA • US1407552082
Current stock price
CARA Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to CARA. In the last year, CARA was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 66% of all other stocks performed better in the past year than CARA.
- Warning: CARA has an average volume of 21144 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month CARA has a been trading in the 4.52 - 5.75 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- CARA is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, CARA did better than 55% of them.
- CARA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CARA is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CARA Weekly and Daily overview Charts
CARA Setup Rating and Analysis
CARA has an average technical rating and it also does not offer a high 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
CARA Support and Resistance Analysis
2.98
We found 7 important support areas.
- A support zone ranging from 5.00 to 5.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.89 from a trend line in the daily time frame.
- A support zone ranging from 4.75 to 4.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.55 from a trend line in the daily time frame.
- Support @4.46 from a horizontal line in the daily time frame.
- Support @3.10 from a horizontal line in the weekly time frame.
- Support @3.01 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.50 to 5.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.71 from a horizontal line in the daily time frame.
- Resistance @6.00 from a horizontal line in the weekly time frame.
CARA 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 | NEUTRAL | NEUTRAL | The long term trend for CARA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CARA is neutral. |
| ChartMill Relative Strength | 34.1 | NEUTRAL | CARA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CARA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CARA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CARA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.82 | NEUTRAL | The RSI value for CARA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CARA has a positive trend. |
| Stochastics (14,3) | 61.54 | NEUTRAL | The Stochastics value for CARA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for CARA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.75 | NEGATIVE | The low ADX value for CARA suggests a weak or negative trend. |
CARA Chart- and CandleStick Pattern Analysis
CARA Technicals: Chart, Performance Metrics, Trend & Indicators
5.32
-0.23 (-4.14%)
CARA THERAPEUTICS INC / CARA TA FAQ
What is the technical rating for CARA stock?
ChartMill assigns a technical rating of 4 / 10 to CARA.
What is the trend direction for CARA stock?
The current trend direction for CARA THERAPEUTICS INC (CARA) is Bearish.
What is the RSI signal for CARA stock?
CARA THERAPEUTICS INC (CARA) has an RSI value of 55.8157. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CARA THERAPEUTICS INC?
The MACD indicator for CARA THERAPEUTICS INC (CARA) has a value of 0.0212589, indicating a bearish trend.
What is the support and resistance level for CARA stock?
CARA THERAPEUTICS INC (CARA) has a support level at 5.06 and a resistance level at 5.5. Check the full technical report for our detailed analysis of CARA support and resistance levels.