CASI PHARMACEUTICALS INC (CASI) Stock Technical Analysis
NASDAQ:CASI - Nasdaq - KYG1933S1012 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to CASI. CASI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, CASI is a bad performer in the overall market: 97% of all stocks are doing better.
CASI is part of the Biotechnology industry. There are 551 other stocks in this industry, of which 82% are performing better than CASI.
CASI 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 CASI has a been trading in the 1.21 - 2.57 range, which is quite wide. It is currently trading near the lows 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.
CASI has an average volume of 1484450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
The technical rating of CASI 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
1.25
1.96
3 important support areas can be observed.
- Support @1.32 from a trend line in the daily time frame.
- Support @1.29 from a horizontal line in the daily time frame.
- A support zone ranging from 1.26 to 1.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.48 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.88 from a trend line in the daily time frame.
- A resistance zone ranging from 1.94 to 1.94. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for CASI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CASI is neutral. |
| ChartMill Relative Strength | 3.02 | NEGATIVE | CASI has a low relative strength, it was outperformed by 96.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CASI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CASI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CASI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.99 | NEUTRAL | The RSI value for CASI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CASI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.31 | NEUTRAL | The Stochastics value for CASI is a neutral value. |
| Average True Range in percent/ATR (20) | 14.07 | HIGH VOLATILITY | The high ATR as a percentage value for CASI suggests high volalility. |
| Average Directional Index/ADX (14) | 26.12 | POSITIVE | The high ADX value value for CASI suggests a strong 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)
1.47
-0.21 (-12.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-12.5%
1 Week13.08%
2 Weeks3.52%
1 Month2.8%
3 Month-22.03%
6 Month-40.24%
12 Month-76.52%
2 Year-36.64%
3 Year-60.8%
5 Year-91.4%
10 Year-89.35%
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%14.07%
ATR Inc9.52%
Range Today0.23
ADR(20)0.2
ADR(20)%13.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.02
Mansfield-5.91
10 Day High2.57
10 Day Low1.25
20 Day High2.57
20 Day Low1.21
52 Week High7.67
52 Week Low1.09
CS1 End1.32
CR1 Start1.48
Volume & EV
DER(3)-6.1%
DER(5)-0.46%
Volume301.90K
Volume Incr16725%
Vol(5)13.29M
Vol(50)1.48M