CARA THERAPEUTICS INC (CARA) Stock Technical Analysis
NASDAQ:CARA - Nasdaq - US1407552082 - Common Stock - Currency: USD
Taking everything into account, CARA scores 4 out of 10 in our technical rating. CARA has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CARA is an average performer in the Pharmaceuticals industry, it outperforms 59% of 195 stocks in the same industry.
CARA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CARA is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
2.98
6.06
When analyzing the support we can see 7 important 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.
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. |
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)
5.32
-0.23 (-4.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-4.14%
1 Week9.69%
2 Weeks7.69%
1 Month2.31%
3 Month14.41%
6 Month67.23%
12 Month-32.93%
2 Year-89.44%
3 Year-94.92%
5 Year-97.01%
10 Year-95.88%
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%5.79%
ATR Inc150.14%
Range Today0.24
ADR(20)0.3
ADR(20)%5.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.1
Mansfield1.59
10 Day High5.75
10 Day Low4.52
20 Day High5.75
20 Day Low4.52
52 Week High10.44
52 Week Low2.71
CS1 End5.06
CR1 Start5.5
Volume & EV
DER(3)15.13%
DER(5)9.75%
Volume237.10K
Volume Incr371.67%
Vol(5)70.42K
Vol(50)21.14K